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    7455 Cicero Ave Chicago, IL 60629

    Sponsored
    For Sale
    $3,054,800

    High-Cap Rate Planet Fitness

    Property size:
    20,862 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    348
    This exceptional fee-simple investment opportunity presents a 20,862 square foot Planet Fitness storefront in Chicago, IL. Located at 7455 S Cicero Ave, 60629, this property sits on a 2.27-acre lot and boasts a strong 7.00% cap rate. The NNN lease with Planet Fitness, a publicly traded company (NYSE: PLNT) and S&P 400 component, has approximately 7 years remaining, featuring 10% rental escalations with the next increase in April 2027, providing an effective hedge against inflation. The tenant, a significant player in the fitness industry with over 2,500 clubs globally and strong revenue growth (over $1.1 billion and up 27.6% year-over-year), demonstrates exceptional financial stability and growth potential. The property underwent renovations in 2020 and benefits from a prime location near numerous national retailers including Target, Home Depot, H&M, Kohl's, and many more, ensuring high visibility and foot traffic. This is a legacy asset with minimal management expenses, offering significant upside through rent growth and a strong return on investment. The property was renovated in 2020. This is a single-tenant property with a fee-simple ownership structure, encompassing both land and building. The property's location in Cook County, Illinois, provides access to a large and densely populated market.

    Property Features for 7455 Cicero Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,862 SF
    Lot Size
    98,881 SF

    Building Details

    Year Renovated
    2020

    HighLights

    • $3,054,800 asking price for a fee‑simple 20,862 SF retail storefront in Chicago, IL.
    • NNN lease with Planet Fitness (NYSE: PLNT), a strong national tenant, with approximately 7 years remaining.
    • 7% cap rate with 10% rental escalations, next increase in 2027, providing an effective inflation hedge.
    • Located on a 2.27‑acre lot in a high‑traffic area with strong neighboring national retailers including Target, Home Depot, and others.
    • Property features a 2020 renovation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7404995
    Latitude
    41.7579409

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    FAQs

    What type of property is this?
    Individual retail property - High-Cap Rate Planet Fitness
    Where is this individual retail property located?
    The property is located at 7455 Cicero Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $3,054,800.
    What are key features of this property?
    This property features: $3,054,800 asking price for a fee-simple 20,862 SF retail storefront in Chicago, IL.; NNN lease with Planet Fitness (NYSE: PLNT), a strong national tenant, with approximately 7 years remaining.; 7% cap rate with 10% rental escalations, next increase in 2027, providing an effective inflation hedge.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7455 Cicero Ave Chicago, IL 60629
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