Health Clubs
LA Fitness – Crestwood, IL
Health Clubs Offerings
LA Fitness – Crestwood, IL
13343 S. Cicero Ave.
Crestwood, IL, 60445
- Price:
- $3,750,000
- Cap Rate:
- 8.00%
- NOI:
- $300,000
- Rentable SQFT:
- 15,501 SF
- Year Built:
- 2006
- Lot Size:
- 1.30 AC
- Lease Type:
- Absolute NNN
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- 35 XSport Fitness’s Acquired by LA Fitness Corporate
- Excellent Location & Access
- Dense Retail Corridor
The NNN Fitness Group of Marcus & Millichap is pleased to offer this rare opportunity to purchase a freestanding LA Fitness located in a densely populated submarket of Chicago MSA. 35 XSport Fitness properties, including this location being offered, were recently acquired by Fitness International, Inc (LA Fitness Corporate) as it continues to expand in the fitness industry.
The offering features an Absolute NNN Lease with over 11 years remaining, (3) 5 year options to renew and a 15% increase at each option. The property is located on Cicero Ave. less than 2 miles from I-294 which serves over 150,800 vehicles per day. I-294, the longest auxiliary Interstate Highway in Illinois which serves as a bypass around the city of Chicago and connects to I-80 and I-94. 282,347 people live within five miles of the property earning an average annual household income of $88,176. The property is adjacent to the dominant Rivercrest Shopping Center which sees 7.4M+ visits annually (Creditintell). The property benefits from nearby national tenants such as Target, Kohl’s, Menard’s, AMC, Theater, Walgreens, ALDI, and many more.
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