Health Clubs
Edge Fitness
Health Clubs Offerings
Edge Fitness
800 Cog Circle
Crystal Lake, IL, 60014
- Price:
- $8,961,318
- Cap Rate:
- 6.75%
- NOI:
- $604,888
- Rentable SQFT:
- 52,599 SF
- Year Built:
- 1992/2021
- Lot Size:
- 5.19 AC
- Lease Type:
- NN
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Recent Renovations + Long Term Lease
- Outstanding Location & Accessibility
- Robust Retail Corridor
- Strong Surrounding Demographics
The NNN Fitness Group of Marcus & Millichap is pleased to present this rare opportunity to purchase an Edge Fitness Club located in Crystal Lake, Illinois. This Edge Fitness Club is the first location in McHenry County and the 3rd in Illinois, with 40 locations nationwide and growing. The site recently went through extensive renovations that were completed in 2021, prior to Edge Fitness opening in early 2022. Edge Fitness has over 14 years remaining on the lease term with structured increases. The 52,599 square foot fitness facility at 800 Cog Circle features cardio and strength training equipment, indoor turf, yoga and spinning classes, and a variety of other gym amenities.
The property sits as the primary entry way into the Crystal Lake market at the corner of Highway 31 and Highway 14 with a combined VPD of 60,000 at the intersection. Edge Fitness is a part of Menard’s-anchored shopping center and includes national retailers such as Chick-fil-A, Noodles & Company, Texas Roadhouse, Chipotle, and Regal Cinema. Nearby there are numerous other prominent retailers such as Sam’s Club, Best Buy, Jewel-Osco, Home Depot, Target, Costco, and many others.
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