LA Fitness - Round Lake Beach, IL
Retail | 7.50% CAP | 44,794 SqFt
Marketing description
JLL is pleased to exclusively offer for sale the LA Fitness at 540 E Rollins Rd, Round Lake Beach, Illinois (the “Property” or “Asset”). LA Fitness (the “Tenant”) is the largest, non-franchised fitness club operator in the U.S. The Tenant is subject to a recently extended net lease with 10.2 years of remaining term, multiple renewal options, and limited landlord responsibilities. The Property is undergoing a massive renovation project in April 2026 to support the growing membership count and enhancing the overall experience.
Round Lake Beach benefits from exceptional transportation connectivity and serves as a primary retail hub for the greater Round Lake area. LA Fitness is located along a high-traffic, dense retail corridor featuring major retailers such as Meijer, Home Depot, Kohl’s, Walmart, and Hobby Lobby. The Property sits along E Rollins Rd within Rollins Crossing shopping center, which generates 1.8 million visits annually (Placer.ai). Rollins Crossing is undergoing a major redevelopment. Most recently, Target announced a brand-new location in the adjacent vacancy to the Subject Property. Additionally, a state-of-the-art recreation center is currently in progress of development in the former Regal Cinema.
This offering presents a passive income opportunity for investors seeking growing, long-term cash flow backed by industry-leading tenancy in an expanding shopping center along a primary retail corridor with strong real estate fundamentals.
Investment highlights
Prime location in Rollins Crossing anchored by new Target redevelopment
Significant lease momentum on the adjacent parcel
Surrounded by national credit tenants
LA Fitness recently exercised an early extension option at below-market rent
NN lease structure with limited landlord responsibilities and ±10.2 years remaining with future 10% rent increase
Undergoing significant interior renovations
Direct access to major transportation network E Rollins Rd with exposure to over 27,800 VPD
$114K average household income within a 1-mile radius
LA Fitness is the largest, non-franchised fitness club operator in the U.S. with over 600 health club locations
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