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LA FITNESS | NEW 20-YEAR LEASE

$13,210,423 | 6.10%

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5701 West Touhy Avenue
Niles, Illinois 60714

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Features

  • National Tenant | LA Fitness | Largest Non-Franchised Fitness Operator in the Nation
    • Number One on the Top 100 Clubs List for the Seventh Consecutive Year (2020)
    • Over 700 Locations in the United States and Canada
  • Rare, New 20-Year Lease with Rental Increases Every Five Years
    • Double-Net Lease | Limited Landlord Responsibility
    • Corporately Guaranteed | Guaranteed by Fitness International Limited Liability Company
    • Two, Five-Year Options Remaining
  • Situated in a Mature Submarket with Very High Barriers to Entry
    • Home to Four Million Square Feet of Retail Space in Niles
    • Neighboring City, Skokie, was Ranked Seventh Among the Top 20 Chicago Suburbs in Retail Sales
  • Located on a Heavily Traveled Retail Thoroughfare | 38,100 Vehicles per Day Along Touhy Avenue
    • Highly Visible with Spotlight Access | 160 Feet of Frontage Along Touhy Avenue
    • Less than One Mile West of the Interstate 94 Interchange | 170,600 Vehicles Passing per Day
  • Irreplaceable Real Estate Surrounded by Nation’s Largest Retailers Including Target, Costco, Walmart, Dick’s Sporting Goods, Best Buy, Walgreens and Many More
    • Adjacent to Village Crossing Shopping Center (722,394 Square Feet of Retail)
    • Across from Pointe Plaza (193,011 Square Feet of Retail)
  • Attractive Demographics
    • Excellent Demographics | 182,697 People Live Within Three Miles of Subject Property
    • Affluent Area | Average Household Income Within One Mile is $141,897
  • Included in the Chicago Metropolitan Area
    • Located 15 Miles Northwest of Downtown Chicago
    • 15 Minutes from O’Hare International Airport
  • Four Million Square Feet of Retail Space Within Village
    • Over $1.5 Billion in Retail Sales (2019)
  • Award Winning City
    • Niles Ranked Sixth in the Chicagoland Market and 11th in the State of Illinois for Retail Sales
    • Named America’s Best, Affordable Place to Raise Kids(Businessweek.com)

Contact

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

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