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29238709
29238710

100 W 63rd St, Westmont, IL 60559

SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - San Diego
$17,043,000
316 days on market
Updated 23 days ago

LA Fitness Signature Club | #1 Club in IL (placer.ai)

Details
Property Type Retail
Sub Type Fitness, Gym (+1)
Net Rentable (SqFt) 47,000
Cap Rate 7.25%
NOI $1,235,630
Tenancy Single
Lease Type NNN
Lease Expiration 02/27/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options (3) 5 Year
Broker Co-Op Yes
Year Built 2020
Buildings 1
Acreage 3.710
Parking Spaces 225 spaces
Investment Type Core+
Lease Commencement 08/14/2020
Ownership Fee Simple
Sale Condition For sale by owner

10+ Yrs of Term | 7.25% Cap Rate | 2020 Prototype Construction | Westmont, IL

Marketing description

The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 47,000 square-foot LA Fitness Signature Club located in Westmont, IL. Completed in 2020 as a build-to-suit prototype facility, the property offers investors secure, long-term income with approximately 10+ years remaining on the initial lease term and includes 10% rent increases every five years and at each of the three five-year renewal options. This location ranks as the #1 LA Fitness in Illinois and is in the top 2% of all U.S. fitness centers for foot traffic over the trailing 12 months, according to Placer.ai. The property is strategically positioned at the high-traffic intersection of W 63rd Street and Cass Avenue, which sees a combined 52,100 vehicles per day, in the affluent Chicago suburb of Westmont.

Investment highlights

  • Corporate-Backed Security

  • Top Performing Location, #1 LA Fitness in IL (Placer.ai)

  • Build-to-Suite Signature Club

  • Excellent Retail Synergy

Listing Contacts

SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,235,630.00
$102,969.17/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Brokerage
Marcus & Millichap
Title
Broker of Record
Brokerage Address
One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181
Name
Steven Weinstock
License
IL 471011175
Brokerage
Marcus & Millichap
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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