www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24623303
24727532

2855 Haggerty Rd, undefined, MI 48390

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook
$5,510,000
331 days on market
Updated 52 days ago

Montessori Kids Universe - Commerce Township, MI

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 11,860
Cap Rate 7.5%
NOI $413,280
Occupancy 100%
Tenancy Single
Brand/Tenant Montessori Kids Universe
Lease Type NNN
Lease Term 15.3
Lease Expiration 08/31/2040
Remaining Term 14.2
Rent Bumps Yes
Lease Options Three, Five-Year
Broker Co-Op Yes
Year Built 2023
Acreage 1.800
Investment Type Net Lease
Lease Commencement 05/23/2025
Ownership Fee Simple

New 2023 Construction | 15+ Years Remaining | AHHI Exceeds $159,000 in 1-Mile

Investment highlights

15+ Years Remaining with 2.00% Annual Increases

  • Montessori Kids Universe signed a new 15-year lease at the subject property in 2025.

  • The lease has no day-to-day landlord responsibilities and offers a 11.00%+ increase in 2026 and 2.00% annual increases thereafter.

  • In addition to the 15-year base lease term, the tenant has three, five-year options to renew with the same rent increase structure annually.

Over $163,000,000 Spent on Education and Daycare in a 5-Mile Radius

  • A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.

  • Participants in early childhood programs are more likely to enroll in college and potentially experience higher earnings in adulthood.

Detroit MSA – Densely Populated with Nearly 160,000 People in 5-Miles

  • The Detroit Metropolitan Statistical Area (MSA) is quite large, encompassing 6 counties in Southeast Michigan: Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne. Its estimated population in 2024 was 4,400,578, making it the 14th largest metro area in the US.

  • The Detroit MSA anchors the second-largest regional economy in the Midwest, after Chicago.

  • Detroit’s economy is diversifying beyond its traditional automotive base, with growth in sectors like technology, healthcare, and manufacturing. This economic revitalization is attracting new residents and increasing the demand for housing, benefiting property investors.

  • The city has seen significant investments in infrastructure, technology, and entrepreneurship, revitalizing areas like Downtown Detroit and the Detroit Riverfront.

Demand For Child Care Remains Extremely Strong

  • The U.S. child care market size was valued at USD 60.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.18% from 2023 to 2030.

  • The key factor driving the growth is the rising demand for early daycare & education services with more parents returning to working in offices, the rising number of single & working mothers, advancements in learning technologies for children, and the accessibility of government funding.

  • The expenditure on daycare in the U.S. is very high. As per the cost of care survey facilitated by the U.S. Department of Health and Human Services, the expenditure on these services reached up to 7% of the household income in 2021.

  • Families in the U.S. are willing to spend more on child care services, indicating the high service demand in the U.S.

Listing Contacts

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$413,280.00
$34,440.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Steve Chaben
License
6502387903
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591