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7455 S Cicero Ave
Chicago, IL 60629

Planet Fitness · Retail Property For Sale

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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 $3,054,800 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

Year Built/Renovated

1990/2020

Price

$4,386,357 CAD

Price Per SF

$210.26 CAD

Cap Rate

NOI

$307,045 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Lot Size

2.27 AC

Parking

5.51 Spaces per 1,000 SF Leased

AMENITIES

Signage

PROPERTY TAXES

Parcel Number	19-27-304-041-0000	Improvements Assessment	$7,083 CAD
Land Assessment	$534,909 CAD	Total Assessment	$541,992 CAD

PROPERTY TAXES

Parcel Number

19-27-304-041-0000

Land Assessment

$534,909 CAD

Improvements Assessment

$7,083 CAD

Total Assessment

$541,992 CAD

Listing ID: 34625731
Date on Market: 2025-01-28
Last Updated:
Address: 7455 S Cicero Ave, Chicago, IL 60629

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