Current Use by Public Records
- Retail properties & Spaces
Property Details for 7455 Cicero Ave
- Lot size
- 2.27 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7405
- Latitude
- 41.7579
