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LA FITNESS | NEW 15-YEAR LEASE | CORPORATE GUARANTEE | DENSE CHICAGO MSA

$12,940,000 | 6.20%

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470 East North Avenue
Carol Stream, Illinois 60188

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Under Contract

Features

  • New 15-Year, Double-Net Lease With Rental Increase Every Five Years
    • Double-Net Lease | Limited Landlord Responsibility
  • Excellent Visibility and Demographics
    • Located on a Heavily Traveled Retail Thoroughfare, the Property Benefits From Traffic Counts Exceeding 47,000 VPD
    • The Property Boasts A Population Of 253,000+ Within Five Miles and an Average Household Income Exceeding $119,000
  • Major Recapitalization
  • National Tenant | Largest Non-Franchised Fitness Operator in the Nation
  • Attractive Local Area Retail

Contact

AUSTIN WEISENBECK
Senior Vice President Investments
Tel: (630) 570-2169
Austin.Weisenbeck@marcusmillichap.com
* Broker of Record: Steven Weinstock

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