Contacts
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Friedman Properties
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Friedman Properties
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Friedman Real Estate
Property Details
- Property Type Retail
- Property Size 20,862 SF
- Lot Size 2.27 Acre
- Cap Rate % 7
- Year Renovated 2020
- Date Updated Feb 12, 2025
NNN Lease - ±7 years remaining - fee simple (land & building); 10% rental escalations (next bump 2027)
Planet Fitness (NYSE: PLNT) - 2,500 clubs across the world; S&P 400 component
High-growth tenant - $1.1+ Billion revenue - up 27.6% YoY; rapid expansion nationally; strong franchisee operator - 93 locations nationally
Huge upside through rent growth; 10% increase in ±2 years (April 2027) - effective inflation hedge
Neighboring national retailers include Target, The Home Depot, H&M, Kohl's, Marshalls, Ross Dress for Less, Old Navy, Five Below, Famous Footwear, Foot Locker, Bath & Body Works, Applebee's, and more
Legacy coupon clipper asset - 2.27 AC - premier pride of ownership; minimal management expenses
Reach out to the broker for more info on lease terms and amenities
Getting around
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Walk Score ®
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Transit Score ®
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Location
- City Chicago, IL
- Neighborhood Ford City
- Zip Code 60629
- Market Chicago
Points of Interest
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Ashburn
1.82 miles
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Pulaski
3.02 miles
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Kedzie
3.71 miles
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Chicago Ridge
4.31 miles
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Western
4.34 miles
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Summit
4.39 miles
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Brainerd
4.57 miles
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99th Street (Beverly Hills)
4.86 miles
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103rd Street (Beverly Hills)
5.15 miles
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Gresham
5.16 miles
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Costco Gasoline
0.16 miles
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Shell
0.64 miles
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Citgo
0.75 miles
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BP
0.83 miles
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Marathon
1.08 miles
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Gulf
1.35 miles
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EVgo
3.81 miles
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ChargePoint
6.76 miles
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Tesla Supercharger
8.46 miles
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Blink
8.86 miles
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Airport Speed Parking
1.46 miles
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Midway Airport Cell Phone Lot
1.57 miles
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Midway Park Saver
1.76 miles
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Midway Park & Ride
1.87 miles
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Midway Airport Terminal Parking Garage
2.10 miles
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Taxi Staging Area
2.35 miles
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Limo Staging Area
2.38 miles
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Airways Parking
2.50 miles
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Midway Airport Economy Lot
2.50 miles
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Midway Airport Daily Lot
2.51 miles
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Million's Crab Boiled Seafood
0.14 miles
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Potbelly
0.17 miles
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IHOP
0.19 miles
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Chipotle
0.22 miles
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Jimmy John's
0.25 miles
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Olive Garden
0.29 miles
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Wendy's
0.30 miles
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Chick-fil-A
0.30 miles
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Popeyes
0.32 miles
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Arby's
0.50 miles
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Marshalls
0.06 miles
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Ross
0.16 miles
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Ford City Mall
0.23 miles
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Cermak Fresh Market
0.28 miles
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Kohl's
0.31 miles
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JCPenney
0.32 miles
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Forman Mills
0.36 miles
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Target
0.37 miles
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Tony's Fresh Market
0.49 miles
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Walmart Supercenter
0.59 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.