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ReClaim Fitness

1325 E Lincoln Hwy, New Lenox, IL 60451

$4,700,000

Cap Rate 6.60%

Views: 93 DOM: 490 Updated: 09.13.24 Posted: 05.17.23 Status: Active

Summary

Price $4,700,000
Built/Renov 2013
Tenant ReClaim Fitness
Cap Rate 6.60%
Lease Type NN+
Guarantor Corporate
Size/SF 14,500
Lease Start 10-01-2023
#Units 2
Price/SF $324.14
Expiration 09-30-2038
Tenant Type Sport/Fitness
NOI $310,000
R. Term 14.0
Ownership Fee Simple
Rent/SF $21.38
Increases 10.0%/5/yrs
Pop 5Mi 88,627
Lot/AC 1.46
Options 2/5yrs/10%
AHHI 5Mi $129,835

Jereme Snyder
Colliers NNN Group
Contact

Eric Carlton
Colliers NNN Group
Contact

Lease Highlights

  • ReClaim Fitness has been the premier fitness club in New Lenox since 2003 | Multi club operator
  • Tenant to sign a brand-new 15-year lease upon close of escrow
  • Lease features 2 (5-year) option periods with 10% rental increases every 5 years
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • Corporate guaranteed lease

Location Description

ReClaim Fitness sits on 1.5 acres, directly along heavily trafficked Lincoln Hwy, the main thoroughfare running East out of Joliet, IL. (19,800 VPD). Surrounding tenants include; Walmart, Target, Lowe’s, Aldi and many others creating a strong consumer draw to the trade area. A development of 48 new townhomes has been approved by the city of New Lenox to be constructed on the parcel behind...

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Key Features

  • Near major nationals

  • Strategically located

  • Freeway visibility

  • Strong tenant synergy

  • Affluent AHHI $100K 5 Mi

  • New development zone

  • Long 15+ yr lease

  • Favorable NN+ lease

  • Corporate Guarantee

    • ...

Links

ReClaim Fitness Wikipedia New Lenox, Illinois Zip Code 60451 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: ReClaim Fitness
  • Guarantor:Corporate
  • Company:ReClaim Fitness
  • # Units:2
  • Stock:Private

About Tenant

ReClaim Fitness is an Illinois-based health and fitness company. The company offers a wide selection of cardio and strength equipment, hydromassage therapy, functional training program, one-on-one...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,517 39,714 91,538
2023 Total Population : 5,569 38,954 90,962
2023 Employed Civilian Pop : 3,336 21,897 48,938
2023 Total Businesses : 178 1,220 2,938
2023 Average Household Income : $ 142,150 $ 149,149 $ 145,483
2023 Total Consumer Spending : $ 229 M $ 1719 M $ 3980 M
2023 Median Age : 38 41 41
2023 Total Households : 1,914 13,728 32,516
2023 Pop Age 25+: Bachelor's Degree : 838 7,166 17,102
2023 Average Home Value : $ 345,725 $ 376,498 $ 370,435
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Haven Ave Pleasant St 2009 18,800 0.11 mi
E Haven Ave S Anderson Rd 2007 19,800 0.12 mi
Lincoln Hwy 2021 22,600 0.22 mi
Spencer Rd Somerset Ln 2012 2,750 0.23 mi
E Haven Ave S Anderson Rd 2009 18,800 0.25 mi
E Haven Ave Marley Rd 2009 18,800 0.26 mi
Marley Rd Bittersweet Ln 2012 3,700 0.28 mi
E Haven Ave Walona Ave 2007 19,800 0.45 mi
Georgias Way Constance Dr 2015 25 0.50 mi
E Haven Ave Lincolnway Dr 2013 18,300 0.51 mi

Listing Broker

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