Kiddie Academy

1301 East Higgins Road, Schaumburg, IL 60173

$5,600,000

Cap Rate 6.00%

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 13.7	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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Key Features

New construction
New prototype
Near major nationals
Highway location
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Absolute NNN
Personal guarantee

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Links

Kiddie Academy Wikipedia Kiddie Academy Wikipedia Schaumburg, Illinois Zip Code 60173 Broker Site Page

Maps

Local Information

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

Bill Asher

Hanley Investment Group

Contact

151 Listings
26806 Views
75 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
26094 Views
78 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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