501 County Farm Rd, Wheaton, IL 60187-4519

This exceptional investment opportunity presents a fee-simple ownership of a 65,936-square-foot VASA Fitness facility situated on a 7-acre lot at 501 S County Farm Road, Wheaton, IL 60187. The property boasts a brand-new, 14.6-year net lease (commencing March 31, 2024 and expiring October 31, 2038) with a corporate guarantee from VASA Fitness, a rapidly expanding fitness leader. The current annual net operating income (NOI) stands at $989,040, yielding an attractive 8.25% cap rate. Built in 1980 and completely renovated in 2024, the property benefits from a strategic location shadow-anchored by Target and within a 30-minute radius of Chicago. The affluent community surrounding the gym boasts an average household income exceeding $139,600. The lease includes a $1.00 per square foot rental increase every five years, ensuring consistent income growth. This is a 100% occupied, single-tenant property offering significant long-term value and stability in a prime location. The asking price is $11,988,363, translating to a price per square foot of $181.82. Detailed financial information is available upon request.