6101 N Broadway St Chicago, IL 60660

This property features a long-term, single-tenant net lease with approximately 4 years remaining, offering fee simple ownership. The lease agreement includes limited landlord maintenance and expense responsibilities. Rental increases are scheduled at 10% every 5 years throughout the initial term and at the beginning of each option period. The tenant is Fitness International, LLC, rated "B" Stable by S&P, which operates over 728 locations throughout the US. LA Fitness’ sales for FY24 are estimated to have grown by 10% to $2.3 billion. The property is situated in a densely populated and affluent trade area with more than 709,000 residents and 235,000 employees within a 5-mile radius. The average household income exceeds $136,000 and is projected to increase to $147,000 by 2030. The location benefits from high traffic and excellent visibility at the signalized intersection of North Broadway, which sees in excess of 21,000 vehicles per day. It is also located on the Red Line of the Chicago Transit Authority (CTA) rail system, one block north of the Granville stop. The Red Line recorded over 756,000 total passenger entries at the Granville stop in 2024. The property size is 22,000 square feet.