This regional shopping center is anchored by LA Fitness and features a 9.86-year weighted average lease term (WALT). Most tenants operate under long-term net leases, providing stable, predictable income. LA Fitness signed a 16-year lease in 2023, while Kids Empire and The Dog Stop each signed 10-year leases in 2024 and 2023, respectively. All leases include renewal options and scheduled rental increases.
The property is part of Townline Square Shopping Center, which draws over two million annual visitors. LA Fitness is the most visited location for the brand within a 15-mile radius, outperforming nine other sites.
Strategically positioned at a signalized intersection with traffic counts exceeding 60,000 vehicles per day, the site offers exceptional visibility and access. The center benefits from strong retail synergy and is located just minutes from the $250 million redevelopment of Hawthorn Mall. It sits within an affluent trade area, where the average household income reaches $173,240 within a five-mile radius.