✖
Kiddie Academy
1301 East Higgins Road, Schaumburg, IL 60173
$5,600,000
Cap Rate 6.00%
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 Child Care |
| NOI $336,000 | R. Term 14.11 | 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...
...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
...
Maps
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...
...
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 |
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 |
