Listed by SRS Louisville, SRS Real Estate Partners Louisville, SRS Real Estate Partners Chicago, Cushman & Wakefield - San Jose/Silicon Valley, California
$4,598,000
The Learning Center
Details
APN 12-02-20-301-018
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,000
Cap Rate 7%
NOI $321,900
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience
Lease Type NN
Lease Term 16
Lease Expiration 05/01/2034
Remaining Term 7.9
Rent Bumps Yes
Lease Options 2 (5-Year)
Price per SqFt $460
Year Built 2018
Acreage 1.270
Zoning I-1 = Limited Industrial
Parking Spaces 40 spaces
Parking Per SqFt 4.00
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2018
Ownership Fee Simple (Land & Building)
Retail | 7.00% CAP | 10,000 SqFt
Investment highlights
Long-Term Early Education Tenant | Options To Extend
NN Lease Structure | Limited Landlord Responsibilities
Strategic Chicago MSA Location | Bolingbrook, Illinois
Dense Industrial & Employment Corridor | Logistics Hub
Strong Visibility & Accessibility | Established Retail Corridor
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Louisville, SRS Real Estate Partners Louisville, SRS Real Estate Partners Chicago, Cushman & Wakefield - San Jose/Silicon Valley, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$321,900.00
$26,825.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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