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VASA Fitness & Big Blue Swim School

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VASA Fitness & Big Blue Swim School

125-145 Army Trail Road

Glendale Heights, IL 60139

Price:
$13,322,714
Cap Rate:
7.00%
NOI:
$932,590
Rentable SQFT:
60,681 SF
Year Built:
1993/2023
Lot Size:
5.36 AC
Lease Type:
NN
Type of Ownership:
Fee Simple
Status:
Available

Investment Highlights

  • Brand New Buildouts
  • Excellent Retail Trade Corridor
  • Affluent Dense Demographics
  • Big Blue to Double in Size
  • High-Value Low Price Leader

The NNN Fitness Group Marcus & Millichap is pleased to present the opportunity to purchase VASA Fitness and Big Blue Swim School located in Glendale Heights, IL. With a 15 year and 10 year lease for VASA and Big Blue Swim School respectively, investors coming in have long term stable cash flow with scheduled increases. The offering consists of 60,681 square feet of space situated on approximately 5.3 acres of land. Constructed in 1993, the asset features a recent, extensive renovation including buildouts completed in 2023.

VASA is considered the market leader in the HVLP 2.0 (High Value Low Price) of the fitness industry, which offers members large, full-service clubs with a multitude of amenities and affordable memberships, typically ranging from $9.99 – $21.99/ month. VASA has over 350,000 members with 50+ locations throughout Utah, Colorado, Kansas, Oklahoma, and Arizona.

Big Blue Swim School was founded in 2009 by competitive swimmers Chris DeJong and John Lonergan to provide a measurable curriculum for students to learn an essential life skill in a comfortable and fun environment. With 230 locations signed across 26 states, the concept offers strong franchise partnership opportunities. Big Blue Swim School’s proprietary technology and distance-based curriculum sets franchisees up for long-term growth. Big Blue offers swim lessons from three months to 12 years old.

Glendale Heights is a far west suburb of Chicago, IL with 33,176 according to the 2020 census. Glendale Heights has become an attractive, growing community, which boasts within its boundaries: modern business parks, Glen Oaks Hospital, and the beautiful Glendale Lakes Golf Club, which is owned and managed by the Village of Glendale Heights. Some of the top employers in the area include Spraying Systems Co., Cornelius, Inc., Jewel Osco and Super Target. The Village of Glendale Heights is dedicated to maintaining its progressive atmosphere, while offering its residents superior community amenities and services that respect the concerns of residents, while striving to provide a safe, viable community in which to live.

 

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    The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NNN Fitness and distribution to any other person or entity without the express written consent of NNN Fitness is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NNN Fitness has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. NNN Fitness has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, NNN Fitness has not verified, and will not verify, any of the information contained herein, nor has NNN Fitness conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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For more information, please contact:

Mark Thiel

Senior Managing Director Investments

858-373-3206

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Jake Bordelon

Vice President Investments

858-373-3133

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Steven Weinstock

Broker of Record

Lic # 471.011175

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