800 Cog Cir - Health Club FOR SALE


Crystal Lake, IL 60014
$7,425,000 USD
508-272-0585
800 Cog Cir, Crystal Lake, IL for Sale
$7,425,000 USD
Health Club - FOR SALE
1/15
null | 8.15% Cap Rate

800 Cog Cir
Crystal Lake, IL 60014


HIGHLIGHTS

  • Extensive Term Remaining (12+)
  • 24/7 Location
  • Recent Capital Improvements (Roof & Parking Lot)

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Edge Fitness in Crystal Lake, Illinois. This newly renovated, freestanding 52,599 SF single-tenant building is leased to Edge on a new 15-year lease that commenced in April 2022. The property is a high-performing location for Edge Fitness that was converted to a 24-hour location due to its market-leading membership counts and membership demand at the site. The property also benefits from a thorough renovation and modern tenant prototype, including a brand-new roof (with a transferrable warranty), and a resurfaced parking lot. Situated at 800 Cog Circle, the property is positioned at the heart of a dense regional retail trade area anchored by Target, Home Depot, Sam’s Club, Menards, Walmart, Jewel Osco, Chick-fil-A, Chase Bank, Portillo’s, and Raising Cane’s, among many others. The property fronts Northwest Highway (31,000 VPD) at the intersection of Route 31 (33,500 VPD), and benefits from a strong, affluent demographic base, drawing from roughly 125,000 people in the trade area with average household incomes of $135,000. Edge Fitness was founded in 1988 and has grown to 42 locations in the market it services across nine states, with over 150,000 members.

FOR SALE DETAILS

PRICE

$7,425,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

8.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

261

LAND DETAILS

LAND ACRES

5.19 AC

LAND SF

226,076 SF

ZONING

B-2, PUD

APN/PARCEL ID

19-03-376-033

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.