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2620 W Pershing Road - Archer Station - LA Fitness, Chicago, IL

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DetailMap
2620 W Pershing Road - Archer Station - LA Fitness

Chicago, IL 60632-1629 - South Chicago Submarket

(6.4 MB)

Property Type:Retail Sub Type:Health Club Status:Existing Year Built:2015
Building Size:40,000 SF Land Area:3.67 AC (159,713 SF)
For Sale Price:$15,360,000 Price/SF:$384.00
Cap Rate:6.25 %
Parking:Free Surface spaces are available; Ratio of 2.5/1,000 SF
Features:Pylon Sign



Sale Notes:
The Boulder Group is pleased to exclusively market for sale a single tenant net leased new construction LA Fitness property
located in the city of Chicago. The property is strategically located within the newly constructed Archer Station development
which features a Ross Dress For Less and Wendy’s. The property is positioned in a densely populated urban in-fill location with
significant barriers to entry. The brand new 15 year LA Fitness lease expires on February 28, 2031. The lease features 10% rental
escalations every five years throughout the primary term and in each of the four 5-year renewal option periods. This LA Fitness
has experienced significant new membership enrollment since opening.
The property is strategically located at the signalized intersection of Archer Avenue and Pershing Road in the city of Chicago.
This intersection experiences traffic counts in excess of 36,000 vehicles per day. The surrounding area is densely concentrated
with commercial and residential buildings providing for significant barriers to entry. There are over 46,000 people living within
a one mile radius of the property. The LA Fitness is benefitted by its proximity to Interstate 55 which is located approximately
one-half mile north of the property. Interstate 55 is the primary artery linking Chicago to its southwest suburbs and experiences
traffic counts in excess of 172,000 vehicles per day. The 35th & Archer CTA Orange Line “L” Station is located several blocks
from the property and links residents in the surrounding area to downtown.
Archer Station is a green development and includes features such as permeable pavers in the parking lots as well as all of the
buildings having been built to a higher energy efficiency level: ASHRAE + 14%.
LA Fitness is a privately-owned American health club chain with over 800 clubs across the United States and Canada. LA Fitness
is the dominant market leader in the Chicago MSA with approximately 40 locations in the area.

• Located in the city of Chicago
• LA Fitness is the dominant fitness leader in the Chicago MSA with approximately 40 locations in the area
• Brand new 15 year lease
• 10% rental escalations every five years throughout the primary term and in each renewal option period
• Rare new construction in-fill location
• Located within the brand new Archer Station development which features Ross Dress For Less and Wendy’s
• Significant barriers to entry due to the densely concentrated immediate area
• Positioned at a heavily trafficked signalized intersection
• Over 46,000 people living within a one mile radius of the property
• Approximately one-half mile south of Interstate 55 (172,000 vehicles per day)
• Located several blocks southwest from the CTA Orange Line ‘L’ 35th/Archer Station
• LA Fitness has experienced significant new membership since opening

The Boulder Group
Randy Blankstein
(847) 562-0003

Jimmy Goodman
(847) 562-8500




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