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| Planet Granite climbing gym to be located at 1450 North Dayton Street, Chicago, IL |
NEW YORK, NY – B+E, the first brokerage firm with an end-to-end trading platform for net lease (NNN) real estate, has listed the Planet Granite climbing gym to be located at 1450 N. Dayton Street, Chicago, IL, for sale for $21,900,000.
The building is +/- 41,500 SF on +/- .56 acres of land and includes parking. Construction is expected to be completed August 2020 and has a 15 year NNN lease currently on the market for a 5.5% cap rate, which requires no landlord responsibility and provides the buyer with long term investment stability.
“Lincoln Park is one of the most desirable Chicago neighborhoods,” said Tim Hain of B+E. “In addition to significant existing buildings, several multi-family, retail, mixed use, and office developments are either under construction/planned or have recently been completed in the area surrounding the property.
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| Tim Hain |
"A large nearby future development, Lincoln Yards, will bring a significant population increase over the next five to ten years.”
Since its opening in 1994, Planet Granite has grown into one of the largest and best-known climbing-focused gyms in the country.
Locations feature traditional fitness equipment and yoga classes in addition to their world class climbing experience. Planet Granite has 11 fitness centers across the country with over 2.5 million customers.
Contacts:
John Vita
John Steven Vita Communications
847/853-8283
Tim Hain
312/366-3584
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