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LA Fitness

Hanover Park, Illinois

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NNN Pro Group is pleased to present the exclusive listing for the LA Fitness located at 7650 Barrington Road in Hanover Park, IL. The site consists of roughly 60,000 rentable square feet of building space on an estimated 3.21-acre parcel of land. This property is subject to a 15-year lease, with the current annual rent being $594,000.

 Long-Term, 15-Year Lease | Over 9 Years Remaining
 Largest Non-Franchised Fitness Operator in the Nation | Over 700 Locations in the United States and Canada
 Strong Local Ranking Against Other LA Fitness Centers | Ranks 87th Percentile within a 15-Mile Radius | 2nd Best LA Fitness in the Local Area
 Compelling Real Estate Fundamentals | The Site is Paying Below Average Rent For LA Fitness | That Along with Strong Placer Rankings Makes This a Long-Term Site For LA Fitness
 Strong Demographics | Average Household Income Exceeds $110,000, Ideal for Fitness Centers

Key Details

Price:
$9,281,250
Cap Rate:
6.40%
Annual Rent:
$594,000
Address:
7650 Barrington Road, Hanover Park, Illinois 60133
Property Type:
Retail - Health and Fitness Center
Lease Type:
Double Net (NN)

Original Lease Term:
15
Lease Commencement:
4/3/2007
Lease Expiration:
2/28/2034
Rental Increases:
10.00% Every 5 Years
Lot Size:
3.21 Acres
Building Size:
60,000 SF
Year Built:
1989
Year Renovated:
2021
Tenant:
LA Fitness

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony D’Ambrosia

License: 10401294012

Josh Kanter

License: 10401294056

Broker of record

Brian Brockman

Bang Realty-Illinois, Inc

License: 471020548


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