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Views: 308 DOM: 99 Updated: 09.16.24 Posted: 07.03.24 Status: Active

Summary

Price $6,735,000
Built/Renov 2024
Tenant Kiddie Academy
Cap Rate 7.00%
Lease Type NN+
Guarantor Franchisee
Size/SF 13,098
Lease Start 08-01-2024
#Units 339
Price/SF $514.20
Expiration 07-31-2044
Tenant Type Daycare/Education
NOI $471,528
R. Term 19.9
Ownership Fee Simple
Rent/SF $36.00
Increases 2.0%/3/yrs
Pop 5Mi 755,345
Lot/AC 0.89
Options 3/5yrs/2%
AHHI 5Mi $84,072

Lease Highlights

  • Brand new 2024 construction
  • New 20-year lease with 3 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Franchisee guaranteed lease

Location Description

Kiddie Academy is strategically located on Garfield Street, with access to 18,000 vehicles passing by daily. The property is situated next to I-290 (186,500 VPD), which connects the property to downtown Chicago. The immediate area is surrounded by well-known national tenants including Aldi, Advance Auto Parts, Amazon Warehouse, CVS Pharmacy, and more. Key educational institutions in proximity...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kiddie Academy
  • Guarantor:Franchisee
  • Company:Kiddie Academy
  • # Units:339
  • 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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Listing Broker

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