800 Cog Cir
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800 Cog Cir
52,599 SF Retail Building Crystal Lake, IL 60014 $7,425,000 ($141/SF) 8.15% Cap Rate
Investment Highlights
- Extensive Term Remaining (12+)
- Recent Capital Improvements (Roof & Parking Lot)
- 24/7 Location
Executive Summary
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.
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.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $604,889 | $11.50 |
Financial Summary (Actual - 2024)
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | $604,889 |
Annual Per SF | $11.50 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Health Club
Building Size
52,599 SF
Building Class
B
Year Built/Renovated
1992/2021
Price
$7,425,000
Price Per SF
$141
Cap Rate
8.15%
NOI
$604,889
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Land Acres
5.19 AC
Zoning
B-2, PUD
Parking
261 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
372 FT on Cog Cir.
Amenities
- Dedicated Turn Lane
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 19-03-376-033 | Improvements Assessment | $504,817 (2023) |
Land Assessment | $590,963 (2023) | Total Assessment | $1,095,780 (2023) |
PROPERTY TAXES
Parcel Number
19-03-376-033
Land Assessment
$590,963 (2023)
Improvements Assessment
$504,817 (2023)
Total Assessment
$1,095,780 (2023)
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