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34242129
34242188

540 East Rollins Road, Round Lake Beach, IL 60073

MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
EG
IL 475.217204
JLL Chicago | North Riverside Plaza
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters, JLL Chicago | North Riverside Plaza
$10,450,000
6 days on market
Updated 6 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
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NN
Lease Expiration 07/31/2036
Remaining Term 10.1
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
Ground Lease No

Adjacent to Brand New Target Development | 7.50% CAP | 44,794 SqFt Retail

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
EG
IL 475.217204
JLL Chicago | North Riverside Plaza
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters, JLL Chicago | North Riverside Plaza

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

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

Map

Zoning

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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Mohsin Mirza
License
IL 475.189943
Name
Ellie Gorman
License
475.217204
Brokerage
Jones Lang LaSalle Americas (Illinois)
Brokerage Phone
555-555-5555
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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