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2620 W Pershing Road - Archer Station - LA Fitness, Chicago, IL
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2620 W Pershing Road - Archer Station - LA Fitness
Chicago, IL 60632-1629 - South Chicago Submarket
3.67 AC (159,713 SF)
For Sale Price:
This property is for sale (for $25,188,289) as part of a portfolio of 2 properties.
Free Surface spaces are available; Ratio of 2.5/1,000 SF
The Boulder Group is pleased to exclusively market for sale a single tenant net leased 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, Wendy’s, AT&T and Athletico Physical Therapy. The property is positioned in a densely populated urban in-fill
location with significant barriers to entry. The original 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.
This property can be purchased together with the adjacent Ross Dress For Less and Athletico and AT&T.
• Located in the city of Chicago
• LA Fitness is the dominant fitness leader in the Chicago MSA with approximately 40 locations in the area
• Long term lease
• 10% rental escalations every five years throughout the primary term and in each renewal option period
• Rare 2016 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
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
The Boulder Group
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