7455 Cicero Ave Chicago, IL 60629

This exceptional investment opportunity presents a fee-simple, single-tenant net-leased Planet Fitness in Chicago, IL. The 20,862 square foot property, situated on a 2.27-acre lot, boasts a strong 6.50% cap rate and a substantial NOI of $213,840. The lease, with a remaining term of 7.4 years, extends to March 31, 2032, and includes two 5-year options with 10% rent increases. A significant 10% rent increase is scheduled for April 1, 2027. The property benefits from a prime location at a major intersection with high traffic counts (48,010 cars per day) and is surrounded by numerous national retailers including Target, Home Depot, and others. The tenant, a 93-unit franchisee, is a financially robust operator of a well-established brand. The property underwent renovations in 2022 and enjoys 100% occupancy. The asking price is $3,289,846, translating to $157.70 per square foot. This asset offers a compelling combination of strong current income, built-in rent growth, and a highly desirable tenant in a thriving retail corridor. The property's location within a densely populated area with high average household income ($84,960 within a 3-mile radius) further enhances its long-term investment potential. This is a rare opportunity to acquire a legacy asset with minimal management expenses and significant upside potential through future rent escalations.