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.