Planet Fitness – Single Tenant NN Lease Nationally Expanding Retailer

7455 S Cicero Ave, Chicago, IL 60629
Price $3,289,846
Cap Rate 6.50%

For More Information

Spencer O’Donnell
714-400-6267

Property Description

  • NN Lease – 8 Years Remaining – Fee Simple (Land & Building)

                  – 10% Rental Escalations (Next Bump 2027)

  • Planet Fitness (NYSE: PLNT) – 2,500 Clubs Across the World

                  – S&P 400 Component

  • High-Growth Tenant – $1.1+ Billion Revenue – Up 27.6% YoY

                  – Rapid Expansion Nationally

  • Impressive Traffic Counts (62,300 Cars Per Day) – Chicago, IL Suburb

                  – Located at Major Signalized Intersection of State Road / Cicero Ave

  • Huge Upside Through Rent Growth

                  – 10% Increase in 3 Years (April 2027) – Effective Inflation Hedge

  • Phenomenal Demographics – Population of 227,536 in a 3-Mile Radius

                  – Average Household Income $84,960 in a 3-Mile Radius

  • Neighboring National Retailers include Target, The Home Depot, H&M, Kohl’s, Marshalls, Ross Dress For Less, Old Navy, Five Below, Famous Footwear, Foot Locker, Bath & Body Works Applebee’s, and others
  • Legacy Coupon Clipper Asset – 2.27 AC – Premier Pride of Ownership

           – Minimal Management Expenses

Area Demographics

Radius
Population 2024
Median HH Income
Average HH Income
1 miles
12,098
$82,793
$117,904
3 miles
222,693
$73,736
$103,876
5 miles
582,268
$70,960
$98,452