LA Fitness For Sale by The Boulder Group

The Boulder Group is pleased to exclusively market a single tenant net leased new construction LA Fitness for sale located in the city of Chicago. The property is strategically located within the newly constructed Archer Station development which features a Ross Dress For Less and Wendy’s. The property is positioned in a densely populated urban in-fill location with significant barriers to entry. The brand new 15 year LA Fitness lease expires on February 28, 2031. The lease features 10% rental escalations every five years throughout the primary term and in each of the four 5-year renewal option periods. This LA Fitness has experienced significant new membership enrollment since opening.

The property is strategically located at the signalized intersection of Archer Avenue and Pershing Road in the city of Chicago. This intersection experiences traffic counts in excess of 36,000 vehicles per day. The surrounding area is densely concentrated with commercial and residential buildings providing for significant barriers to entry. There are over 46,000 people living within a one mile radius of the property. The LA Fitness is benefitted by its proximity to Interstate 55 which is located approximately one-half mile north of the property. Interstate 55 is the primary artery linking Chicago to its southwest suburbs and experiences traffic counts in excess of 172,000 vehicles per day. The 35^th & Archer CTA Orange Line “L” Station is located several blocks from the property and links residents in the surrounding area to downtown.

Archer Station is a green development and includes features such as permeable pavers in the parking lots as well as all of the buildings having been built to a higher energy efficiency level: ASHRAE + 14%.

LA Fitness is a privately-owned American health club chain with over 800 clubs across the United States and Canada. LA Fitness is the dominant market leader in the Chicago MSA with approximately 40 locations in the area.

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