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Fitness Center

VASA Fitness | Biolife Plasma | Brand New Long Term Leases

1590 N Larkin Ave, Joliet, IL 60435

Listing Price: Request For Offer

Tenant Name
Takeda Pharmaceuticals USA, INC.
Years Remaining On Lease
10.1
Guarantor
Franchisee Guarantee
Rentable SF
77,317
Lease Type
Double Net
Rent Per Square Feet
$1.00

Investment Overview

Located at the hard corner intersection of N Larkin Ave & Theodore Street, the subject property benefits from exposure to over 40,000+ VPD and is surrounded by other national tenants such as Burlington, Ross, McDonalds, Harbor Freight, Jewl-Osco, Hobby Lobby, Walgreens & more.

Investment Highlights

  • VASA & BoiLife Plasma are currently undergoing extensive buildouts, with over $3,000,000+ of improvements within each space.
  • With a 15 year and 10 Year lease for VASA & Biolife respectively, investors coming in have long term stable cash flow with scheduled increases.
  • BioLife's lease is guaranteed by Takeda Pharmaceutical USA, among the top 25 largest pharmaceutical companies in the US. VASA's lease is backed by the corporate entity operating 45+ health clubs.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Fitness Center

VASA Fitness | Biolife Plasma | Brand New Long Term Leases

Listing Price: Request For Offer

Tenant Name
Takeda Pharmaceuticals USA, INC.
Years Remaining On Lease
10.1
Guarantor
Franchisee Guarantee
Rentable SF
77,317
Lease Type
Double Net
Rent Per Square Feet
$1.00

Investment Highlights

  • VASA & BoiLife Plasma are currently undergoing extensive buildouts, with over $3,000,000+ of improvements within each space.
  • With a 15 year and 10 Year lease for VASA & Biolife respectively, investors coming in have long term stable cash flow with scheduled increases.
  • BioLife's lease is guaranteed by Takeda Pharmaceutical USA, among the top 25 largest pharmaceutical companies in the US. VASA's lease is backed by the corporate entity operating 45+ health clubs.

Investment Overview

Located at the hard corner intersection of N Larkin Ave & Theodore Street, the subject property benefits from exposure to over 40,000+ VPD and is surrounded by other national tenants such as Burlington, Ross, McDonalds, Harbor Freight, Jewl-Osco, Hobby Lobby, Walgreens & more.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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