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620 N York St
Elmhurst, IL 60126
LA Fitness · Retail Property For Sale
Executive Summary
• Sale-Leaseback: Single-Tenant Club Studio
° Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.]
° Rare, Absolute NNN Lease. No landlord responsibilities.
° 20-year primary term, plus three (3), 5-year options
° 8% Rent Increases every 5 years, including Options
• About Club Studio
° Fitness International’s Highest-End health club offering
° $134 - $249 monthly memberships
° 18 Club Studio locations Open, 21 Coming Soon, & many more in the development pipeline
° Studio Row: Club Studio’s signature boutique classes all centralized under one roof -
» Pilates, HIIT, Cycling, Boxing & Hot Yoga
• About Fitness International, LLC
° Parent Company to Club Studio and LA Fitness
° (+) 660 open and operating full-service health clubs across North America, and expanding
° #1 largest health club operator in North America by revenue
° $2.2B Estimated Annual Revenue
° Founded in 1984, with over 40 Years of operational experience
° Strategic growth initiative focused on adding hundreds of new Club Studio locations nationwide
over the next five years.
° Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.]
° Rare, Absolute NNN Lease. No landlord responsibilities.
° 20-year primary term, plus three (3), 5-year options
° 8% Rent Increases every 5 years, including Options
• About Club Studio
° Fitness International’s Highest-End health club offering
° $134 - $249 monthly memberships
° 18 Club Studio locations Open, 21 Coming Soon, & many more in the development pipeline
° Studio Row: Club Studio’s signature boutique classes all centralized under one roof -
» Pilates, HIIT, Cycling, Boxing & Hot Yoga
• About Fitness International, LLC
° Parent Company to Club Studio and LA Fitness
° (+) 660 open and operating full-service health clubs across North America, and expanding
° #1 largest health club operator in North America by revenue
° $2.2B Estimated Annual Revenue
° Founded in 1984, with over 40 Years of operational experience
° Strategic growth initiative focused on adding hundreds of new Club Studio locations nationwide
over the next five years.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
37,000 SF
Building Class
B
Year Built/Renovated
2016/2026
Price
$18,000,000
Price Per SF
$486.49
Cap Rate
5.75%
NOI
$1,035,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.23
Lot Size
3.65 AC
Zoning
C
Frontage
239’ on York
Amenities
- Security System
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 03-35-204-016 | Improvements Assessment | $0 |
| Land Assessment | $130,253 | Total Assessment | $130,253 |
Property Taxes
Parcel Number
03-35-204-016
Land Assessment
$130,253
Improvements Assessment
$0
Total Assessment
$130,253
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