Crunch Fitness Leases 33000 Square Feet Retail Space In Naperville From Continental Realty Corporation
704 Illinois Route 59
Building Size
33,000 SF
Asset Type
Retail
Closing
Mar 18, 2026
AI
The property involved in this lease transaction is located at 704 Illinois Route 59 in Naperville. It encompasses a retail asset with a total of 33,000 square feet. The former Bed Bath & Beyond space will be renovated for a new tenant by Q3 2026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 704 Illinois Route 59
- Market: Naperville
- Landlord: Continental Realty Corporation
- Tenant: Crunch Fitness
- Landlord's Representative: Cherene Keenan - Continental Realty Corporation
- Tenant's Representatives: Holly Estler, Larry Kling & James Schutter - Newmark
This lease transaction marks the commitment of Crunch Fitness to establish a 33,000-square-foot gym at Fox River Commons, managed by the franchisee JEM Wellness Brands. The representation for the tenant was handled by Newmark brokers Holly Estler, Larry Kling, and James Schutter, while Continental Realty Corporation managed the leasing internally.
Players
Naperville Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93