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Fitness Center

XSport Fitness | 8.82% 2024 CAP | 12 Yr NNN Lease

3200 Finley Rd, Downers Grove, IL 60515

Listing Price: $12,466,385

Cap Rate
7.00%
Tenant Name
XSport Fitness
Years Remaining On Lease
12.3
Guarantor
Corporate Guarantee
Rentable SF
43,501
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.06

Investment Overview

Marcus and Millichap is pleased to offer a 43,501 square-foot single tenant XSport Fitness in Downers Grove, a prime Chicago MSA location. The offering is inclusive of a 12 Year NNN lease with an initial 7.00% cap rate which increases to 8.82% cap rate in 2024. The property benefits from its proximity to adjacent national and local retailers including Home Depot, Best Buy, Arby’s, Outback Steakhouse, Starbucks and many more. Situated off the I-355 with incredible access and adjacent to I-88, the property has an excellent combined exposure to 229,707 vehicles per day.

Investment Highlights

  • 12 Year NNN Lease With Structured Increases
  • Long-Term Operating History
  • Premiere Tourist Destination
  • Strong Retail Trade Area
  • Prime Visibility and Demographics

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

XSport Fitness | 8.82% 2024 CAP | 12 Yr NNN Lease

Listing Price: $12,466,385

Cap Rate
7.00%
Tenant Name
XSport Fitness
Years Remaining On Lease
12.3
Guarantor
Corporate Guarantee
Rentable SF
43,501
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.06

Investment Highlights

  • 12 Year NNN Lease With Structured Increases
  • Long-Term Operating History
  • Premiere Tourist Destination
  • Strong Retail Trade Area
  • Prime Visibility and Demographics

Investment Overview

Marcus and Millichap is pleased to offer a 43,501 square-foot single tenant XSport Fitness in Downers Grove, a prime Chicago MSA location. The offering is inclusive of a 12 Year NNN lease with an initial 7.00% cap rate which increases to 8.82% cap rate in 2024. The property benefits from its proximity to adjacent national and local retailers including Home Depot, Best Buy, Arby’s, Outback Steakhouse, Starbucks and many more. Situated off the I-355 with incredible access and adjacent to I-88, the property has an excellent combined exposure to 229,707 vehicles per day.

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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