Skip to main content

Fitness Center

LA Fitness | New 15-Year Lease | Corporate Guarantee | Dense Chicago MSA

470 E North Ave., Carol Stream, IL 60188

Listing Price: $12,940,000

Cap Rate
6.20%
Tenant Name
LA Fitness
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
34,000
Lease Type
Double Net
Rent Per Square Feet
$23.60

Investment Overview

Marcus & Millichap is pleased to present LA Fitness in Carol Stream, Illinois. This new 15-year, double-net lease has rental increases every five years. The lease is backed by Fitness International LLC with encompasses over 730 locations. The national tenant is the largest non-franchised fitness operator in the nation and holds the top spot on the Club Industry Top 100 List for eight years in a row. Fitness International LLC recently joined forces with several large equity partners in a major recapitalization effort to take advantage of growth opportunities. The property has excellent visibility and demographics. Located on a heavily traveled retail thoroughfare, the property benefits from traffic counts exceeding 47,000 vehicles per day. The property boasts a population of over 253,000 within five miles and an average household income exceeding $119,000. Attractive local area retailers include Angelo Caputo’s Fresh Markets, CVS, Walgreens, Dollar General, Family Dollar, Starbucks, Portillos, McDonalds, and many more. The property is situated 30 miles west of downtown Chicago.

Investment Highlights

  • New 15-Year, Double-Net Lease with Rental Increase Every Five Years
  • National Tenant | Largest Non-Franchised Fitness Operator in the Nation
  • Excellent Visibility And Demographics
  • Major Recapitalization
  • Attractive Local Area Retail

Exclusively Listed By

  • Austin Weisenbeck

    Senior Vice President Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Sean R. Sharko

    Senior Vice President Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • 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

Fitness Center

LA Fitness | New 15-Year Lease | Corporate Guarantee | Dense Chicago MSA

Listing Price: $12,940,000

Cap Rate
6.20%
Tenant Name
LA Fitness
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
34,000
Lease Type
Double Net
Rent Per Square Feet
$23.60

Investment Highlights

  • New 15-Year, Double-Net Lease with Rental Increase Every Five Years
  • National Tenant | Largest Non-Franchised Fitness Operator in the Nation
  • Excellent Visibility And Demographics
  • Major Recapitalization
  • Attractive Local Area Retail

Investment Overview

Marcus & Millichap is pleased to present LA Fitness in Carol Stream, Illinois. This new 15-year, double-net lease has rental increases every five years. The lease is backed by Fitness International LLC with encompasses over 730 locations. The national tenant is the largest non-franchised fitness operator in the nation and holds the top spot on the Club Industry Top 100 List for eight years in a row. Fitness International LLC recently joined forces with several large equity partners in a major recapitalization effort to take advantage of growth opportunities. The property has excellent visibility and demographics. Located on a heavily traveled retail thoroughfare, the property benefits from traffic counts exceeding 47,000 vehicles per day. The property boasts a population of over 253,000 within five miles and an average household income exceeding $119,000. Attractive local area retailers include Angelo Caputo’s Fresh Markets, CVS, Walgreens, Dollar General, Family Dollar, Starbucks, Portillos, McDonalds, and many more. The property is situated 30 miles west of downtown Chicago.

Exclusively Listed By

  • Austin Weisenbeck

    Senior Vice President Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Sean R. Sharko

    Senior Vice President Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • 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

MM Texture Background
MM Textured Background Lower