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704 Illinois Route 59

Crunch Fitness Leases 33000 Square Feet Retail Space In Naperville From Continental Realty Corporation
LEASEDRetail

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

Cherene Keenan

Continental Realty Corporation

Broker

3 deals

Broker
Continental Realty Corporation
Continental Realty CorporationLandlord

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