LA Fitness - Round Lake Beach, IL_Property for Sale
LA Fitness - Round Lake Beach, IL_Property for Sale
540 E Rollins Rd, Round Lake Beach, IL, 60073, US

LA Fitness - Round Lake Beach, IL

Description

JLL is pleased to exclusively offer for sale the LA Fitness at 540 E Rollins Rd, Round Lake Beach, Illinois (the “Property” or “Asset”). LA Fitness (the “Tenant”) is the largest, non-franchised fitness club operator in the U.S. The Tenant is subject to a recently extended net lease with 10.2 years of remaining term, multiple renewal options, and limited landlord responsibilities. The Property is undergoing a massive renovation project in April 2026 to support the growing membership count and enhancing the overall experience.


Round Lake Beach benefits from exceptional transportation connectivity and serves as a primary retail hub for the greater Round Lake area. LA Fitness is located along a high-traffic, dense retail corridor featuring major retailers such as Meijer, Home Depot, Kohl’s, Walmart, and Hobby Lobby. The Property sits along E Rollins Rd within Rollins Crossing shopping center, which generates 1.8 million visits annually (Placer.ai). Rollins Crossing is undergoing a major redevelopment. Most recently, Target announced a brand-new location in the adjacent vacancy to the Subject Property. Additionally, a state-of-the-art recreation center is currently in progress of development in the former Regal Cinema.


This offering presents a passive income opportunity for investors seeking growing, long-term cash flow backed by industry-leading tenancy

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Attributes

Asking price
R 166,656,000
Cap rate
7.5%
Building area gross
4,161 m²
Occupancy
100%
Year built
1995
Land area gross
2.1 ha
WAULT
10.2 years
Lease type
Net lease (N/NN/NNN)

Media

Investment Highlights

  1. Prime location in Rollins Crossing anchored by new Target redevelopment
  2. Significant lease momentum on the adjacent parcel
  3. Surrounded by national credit tenants
  4. LA Fitness recently exercised an early extension option at below-market rent
  5. NN lease structure with limited landlord responsibilities and ±10.2 years remaining with future 10% rent increase
  6. Undergoing significant interior renovations
  7. Direct access to major transportation network E Rollins Rd with exposure to over 27,800 VPD
  8. $114K average household income within a 1-mile radius
  9. LA Fitness is the largest, non-franchised fitness club operator in the U.S. with over 600 health club locations
LA Fitness - Round Lake Beach, IL 4_Property for Sale
LA Fitness - Round Lake Beach, IL 4_Property for Sale

Contact brokers

LA Fitness - Round Lake Beach, IL (0 Properties)

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Last updated
11 Feb 2026