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29687036
29687037

540 E Rollins Rd, Round Lake Beach, IL 60073

MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters
$10,450,000
117 days on market
Updated 12 days ago

LA Fitness - Round Lake Beach, IL

Details
Property Type Retail
Sub Type Fitness Center, Gym
Square Footage 44,794
Cap Rate 7.5%
NOI $783,895
Occupancy 100%
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NN
Lease Expiration 07/31/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options 2 x 5-Year Options
Price per SqFt $233
Year Built 1995
Year Renovated 2026
Acreage 5.190
Investment Type Net Lease

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

Listing Contacts

MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$783,895.00
$65,324.58/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Mohsin Mirza
License
IL 475.189943
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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