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Planet Fitness - Single-Tenant NNN 7455 S Cicero Ave
20,862 SF Retail Building Chicago, IL 60629 £2,580,588 (£124/SF) 6.50% Net Initial Yield
Investment Highlights
- NN Lease – 8 Years Remaining – Fee Simple (Land & Building) - 10% Rental Escalations (Next Bump 2027)
- High-Growth Tenant - $1.1+ Billion Revenue – Up 27.6% YoY - Rapid Expansion Nationally - 93 Unit Franchisee
- Located at Major Signalized Intersection of State Road / Cicero Ave
- Planet Fitness (NYSE: PLNT) – 2,500 Clubs Across the World - S&P 400 Component
- Impressive Traffic Counts (62,300 Cars Per Day) – Chicago, IL Suburb
- Huge Upside Through Rent Growth - 10% Increase in 3 Years (April 2027) – Effective Inflation Hedge
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£167,738
|
£8.04
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £167,738 |
| Annual Per SF | £8.04 |
Property Facts
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Arts, Entertainment, and Recreation
- 20,862 SF
- £8.04
- NNN
- Mar 2032
Planet Fitness was founded in 1992, in Dover, NH. In the beginning, it operated much like every other gym in its small hometown and catered to the same small percentage of the population in the U.S. who worked out and belonged to a health club. So they completely changed the gym environment, both in attitude and format, creating the non-intimidating, low-cost model that has revolutionized the gym industry. Planet Fitness became known as the “Judgement Free Zone®” – a welcoming and friendly community where people could feel comfortable regardless of their fitness level.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Arts, Entertainment, and Recreation | 20,862 SF | £8.04 | NNN | Mar 2032 |
-
Spencer O'Donnell -
Charter Realty Company
Presented by
Planet Fitness - Single-Tenant NNN | 7455 S Cicero Ave
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