100 W 63rd St - Health Club FOR SALE


Westmont, IL 60559
$17,043,000 USD
805-570-7430
100 W 63rd St, Westmont, IL for Sale
$17,043,000 USD
Health Club - FOR SALE
1/4
null | 7.25% Cap Rate

100 W 63rd St
Westmont, IL 60559


HIGHLIGHTS

  • Corporate-Backed Security
  • Top Performing Location
  • Build-to-Suite Signature Club
  • Excellent Retail Synergy

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 47,000 square-foot LA Fitness Signature Club located in Westmont, IL. Completed in 2020 as a build-to-suit prototype facility, the property offers investors secure, long-term income with approximately 10.5 years remaining on the initial lease term and includes 10% rent increases every five years and at each of the three five-year renewal options. This location ranks as the #1 LA Fitness in Illinois and is in the top 2% of all U.S. fitness centers for foot traffic over the trailing 12 months, according to Placer.ai. The property is strategically positioned at the high-traffic intersection of W 63rd Street and Cass Avenue, which sees a combined 52,100 vehicles per day, in the affluent Chicago suburb of Westmont.

FOR SALE DETAILS

PRICE

$17,043,000 USD

PRICE/SF

$363 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness Signature

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

225

LAND DETAILS

LAND ACRES

3.71 AC

LAND SF

161,608 SF

ZONING

C-1

APN/PARCEL ID

09-16-406-023

ASK ABOUT THIS PROPERTY

Mark ThielMarcus & MillichapMore Info
805-570-7430

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Mark ThielMarcus & MillichapMore Info
805-570-7430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.