6107 North Broadway, Chicago, IL 60660

Long-Term Single Tenant Net Lease | Fee Simple Ownership

• Lease recently extended through July 31, 2036, and a major renovation planned, demonstrating the Tenant's commitment to this location
• Limited landlord responsibilities make this an ideal investment for a passive investor

Rental Increases

• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, increasing the NOI and providing protection against inflation

Credit Tenant | Corporate Lease

• The lease is signed by Fitness International, LLC, rated “B” Stable by S&P, the largest non-franchised fitness club operator in the US with over 728 locations throughout the country
• LA Fitness’ sales for FY24 are estimated to have grown by 10% to $2.3 billion

Densely Populated and Affluent Trade Area

• More than 709,000 residents and 235,000 employees within 5 miles with an average household income over $136,000, projected to increase to $147,000 by 2030

High Traffic / Excellent Visibility

• Located at the signalized intersection of North Broadway in excess of 21,000 vpd
• Also located on the Red Line of the Chicago Transit Authority (CTA) rail system, one block north of the Granville stop
• The Red Line recorded over 756,000 total passenger entries at the Granville stop in 2024

Strategic Retail Corridor Location

• Situated in a dense retail corridor surrounded by major national retailers such as Whole Foods Market, Target, Walgreens, Burlington, CVS, PetSmart, ALDI, Chase Bank, McDonalds & Starbucks
• Provides a steady flow of customers for a stable membership base

Limited Competition

• Only 1 other national fitness brand located within 2.5 miles – Anytime Fitness located at 1346 W Devon Ave

Rare Dense Infill Chicago Location

• LA Fitness is strategically located in the Edgewater neighborhood of Chicago, 3 blocks west of Lake Michigan, in a densely populated area with high barriers to entry

Major Education Center Proximity

• ½ mile south of Loyola Chicago University with over 17,000 students
• ½ mile northeast of Senn High School with ~1,516 students
• Approximately 5 miles from Northwestern University of about 22,000 students