Net Lease Health Clubs
LA Fitness – Matteson, IL
Net Lease Health Clubs Offerings
LA Fitness – Matteson, IL
4701 Lincoln Mall Dr.
Matteson, IL 60443
- Price:
- $4,000,000
- Cap Rate:
- 7.50%
- NOI:
- $300,000
- Rentable SQFT:
- 23,803 SF
- Year Built:
- 1980
- Lot Size:
- 2.20 AC
- Lease Type:
- Absolute Net
- Lease Term:
- 9+ Yrs
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Secure Long-Term Absolute Net Lease
- Growth Market Fundamentals
- Catalyst Redevelopment Nearby
- Strategic Location in South Suburbs
The NNN Fitness Group of Marcus & Millichap is pleased to present this exclusive opportunity to acquire an LA Fitness located in Matteson, Illinois, a high-traffic south suburban Chicago market. The 23,803 SF facility sits on a 2.20-acre parcel and is secured by an Absolute Net lease with Fitness International, LLC, generating $300,000 in annual NOI. The lease runs through December 2034 with three 5-year renewal options featuring 15% rent increases at each option, offering long-term, passive income with zero landlord responsibilities.
The property is strategically positioned with direct access to I-57 (79,500+ VPD) and strong visibility along Cicero Avenue (21,000+ VPD), totaling 130,000+ vehicles per day nearby. Located just 30 minutes from downtown Chicago, the asset benefits from proximity to the planned Market Square Crossing redevelopment, a 50-acre mixed-use project expected to drive increased traffic and long-term value. Offered at $4,000,000 with a 7.50% cap rate, this investment represents a secure, high-credit opportunity in the 9.6 million-person Chicago MSA.
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