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30110022
30110023

2601 S Quentin Rd, Schaumburg, IL 60173

DT
IL 471.009921, IN RB14050851 (+1)
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$3,895,000
92 days on market
Updated 92 days ago

KinderCare Learning Center

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,042
Net Rentable (SqFt) 10,042
Cap Rate 6.55%
NOI $255,000
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type Absolute NNN
Lease Expiration 02/28/2038
Remaining Term 11.7
Rent Bumps Yes
Lease Options 2 x 5 years
Price per SqFt $388
Year Built 1997
Buildings 1
Lot Size (SqFt) 64,469
Investment Type Net Lease
Sale Condition For sale by owner

Retail | 6.55% CAP | 10,042 SqFt

Marketing description

Marcus & Millichap is proud to present the KinderCare Learning Centers day care property located at 2601 Quentin Ave., Schaumburg, IL.

Since February 2003, the tenant has operated a day care center at this 10,042-square-foot building situated on a 64,424-square-foot parcel. The lease is structured as an ABSOLUTE NET LEASE, under which the tenant is responsible for all expenses, including real estate taxes, insurance, utilities, maintenance, and capital replacements such as the roof, HVAC, parking lot, lighting, and other capital needs.

Following an initial 15-year lease term, the tenant exercised a 10-year extension to expire on February 28, 2028. Tenant further extended lease early, adding an additional 10-year extension through February 28, 2038, proving strong dedication to this location. The lease also includes two additional five-year renewal options, featuring CPI-based rent increases with a 10% maximum.

The property is strategically located near major employers including Zurich North America’s corporate headquarters and Motorola Solutions Inc., both within two miles of the site. It also benefits from close proximity to Woodfield Mall, one of the largest shopping centers in the U.S. and Schaumburg’s single largest employer. Collectively, these three organizations rank among the top five employers in Schaumburg.

Additionally, the property is adjacent to significant newer residential development, including The Quin, a recently constructed 373-unit luxury apartment community, along with numerous other multifamily complexes nearby.

Positioned along a high-traffic corridor on East Algonquin Road and Palmer Drive, the property enjoys excellent visibility and accessibility. Located in affluent Schaumburg, Illinois, the area boasts and an average household income$144,327 per year - well above the national average.

Investment highlights

Recently renewed lease early, adding 10 years, proving strong commitment to this location

Absolute NNN Lease - Corporate Guarantee - Strong Historical Occupancy

Schaumburg is one of Illinois’s larger suburban communities, with a population 80,964 making it among the most populated places in the state.

Nationally Accredited – KinderCare centers are recognized for meeting rigorous standards in education, health, and safety, reflecting our ongoing commitment to exceptional early childhood care

Average household income: $144,327 per year.

https://www.kindercare.com/about-us/who-we-are/accreditation

Listing Contacts

DT
IL 471.009921, IN RB14050851 (+1)
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$255,000.00
$21,250.00/mo

Valuation Metrics

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DSCR
6.55%
Cap Rate
6.55%
ROI

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