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Views: 79 Updated: 12.21.23 Posted: 07.27.23 Status: Inactive

Summary

Price $5,600,000
Built/Renov 2023
Tenant Kiddie Academy
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 10,500
Lease Start 12-01-2023
#Units 8
Price/SF $533.33
Expiration 11-30-2038
Tenant Type Daycare/Education
NOI $336,000
R. Term 14.6
Ownership Fee Simple
Rent/SF $32.00
Increases 10.0%/5/yrs
Pop 5Mi 267,023
Lot/AC 1.49
Options 3/5yrs/10%
AHHI 5Mi $116,523

Lease Highlights

  • Brand-new 2023 construction with 15-year lease
  • Low price point and replaceable rent
  • Lease features 10% increases every 5 years during the base term and each of the 3 (5-year) options
  • Absolute NNN lease I Zero landlord responsibilities
  • Personal guarantee from Saj and Sunny Rizvi

Location Description

Kiddie Academy is accessible from the hard-corner signalized entrance to Target as well as direct access along Higgins Road with access to 48,188 vehicles passing per day. The subject property has excellent visibility and is located within close proximity to Northwest Tollway / I-90, I-290; I-290 which connects the property to Downtown Chicago (40-minute drive). The 5-mile trade area is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kiddie Academy
  • Guarantor:Franchisee
  • Company:Saj and Sunny Rizvi
  • # Units:8
  • Stock:Private

About Tenant

Kiddie Academy Educational Child Care is one of the leading childcare franchise providers in the United States. Kiddie Academy is a nationally recognized provider of comprehensive educational...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,574 89,713 268,318
2023 Total Population : 8,805 90,457 272,191
2023 Employed Civilian Pop : 5,209 52,216 154,344
2023 Total Businesses : 1,484 4,985 13,085
2023 Average Household Income : $ 145,559 $ 120,746 $ 122,946
2023 Total Consumer Spending : $ 426 M $ 3699 M $ 11260 M
2023 Median Age : 40 40 42
2023 Total Households : 3,474 35,913 107,924
2023 Pop Age 25+: Bachelor's Degree : 2,288 20,453 59,670
2023 Average Home Value : $ 441,005 $ 344,286 $ 356,260
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Higgins Rd National Pkwy 2012 34,480 0.05 mi
East Higgins Road 2019 19,950 0.06 mi
National Pkwy Higgins Rd 2012 6,880 0.10 mi
National Pkwy E Higgins Rd 2012 7,950 0.14 mi
E Higgins Rd National Pkwy 2012 38,270 0.15 mi
National Parkway Jason Ln 2018 5,550 0.19 mi
Thacker Street 2018 1,900 0.25 mi
Thacker Street del Lago Dr 2018 1,900 0.25 mi
Thacker Street National Pkwy 2018 1,900 0.27 mi
IL 72 2021 45,300 0.33 mi

Listing Broker

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