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Planet Fitness 7455 S Cicero Ave 20,862 SF Retail Building Chicago, IL 60629 $4,650,576 CAD ($222.92 CAD/SF) 7% Cap Rate
Investment Highlights
- NNN Lease - ±7 years remaining - fee simple (land & building); 10% rental escalations (next bump 2027)
- Huge upside through rent growth; 10% increase in ±2 years (April 2027) - effective inflation hedge
- Planet Fitness (NYSE: PLNT) - 2,500 clubs across the world; S&P 400 component
Executive Summary
This single-tenant investment property at 7455 S Cicero Ave, Chicago, IL, is anchored by Planet Fitness (NYSE: PLNT), a globally recognized fitness brand with over 2,500 clubs. The NNN lease offers approximately 7 years remaining with 10% rental escalations, including a scheduled increase in April 2027. The 2.27-acre fee-simple property presents a stable investment opportunity with minimal management requirements and an asking price of $3,360,000 at a 7.00% CAP rate. Neighboring retailers include Target, The Home Depot, Marshalls, and more, enhancing the location’s value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,862 SF
Building Class
C
Year Built/Renovated
1990/2020
Price
$4,650,576 CAD
Price Per SF
$222.92 CAD
Cap Rate
7%
NOI
$325,706 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
2.27 AC
Zoning
B3-2
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-27-304-041-0000 | Improvements Assessment | $6,793 CAD |
| Land Assessment | $230,859 CAD | Total Assessment | $237,652 CAD |
Property Taxes
Parcel Number
19-27-304-041-0000
Land Assessment
$230,859 CAD
Improvements Assessment
$6,793 CAD
Total Assessment
$237,652 CAD
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Planet Fitness | 7455 S Cicero Ave
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