343 W Dundee Rd, Wheeling, IL 60090 For Sale

LEASE TERM: The Learning Experience has been at this location since it was constructed and has over 9 years remaining on their lease with two (2), 5-year renewal options.

ATTRACTIVE RENT INCREASES: The Lease calls for 10% rental increases every five years throughout the primary lease term and at the start of each renewal option period, providing an attractive increase in revenue and a hedge against inflation.

MINIMAL LANDLORD RESPONSIBILITIES: The Learning Experience reimburses for real estate taxes, insurance, utilities, and common area maintenance (with a 5% CAM Cap), protecting against rising expenses. The Landlord is responsible for the building’s roof & structure.

DYNAMIC TENANT: The Learning Experience operates more than 400 centers across 35 U.S. states. The company continues to expand rapidly and has over 420 operating locations and more than 270 additional centers currently in development. This growth trajectory reflects increasing demand for high-quality childcare and early education services, particularly in suburban markets with growing populations of young families. This location is operated by Cre8ive Beginnings of Wheeling Inc, a franchisee and features a limited Corporate Guaranty.

STRATEGIC RETAIL LOCATION: The Learning Experience benefits from a highly accessible location adjacent to the Wheeling Metra commuter rail station and next to the expansive Heritage Park and Wheeling Park District facilities, including an aquatic center, sports fields, and performance pavilion. Together, these amenities create a dynamic live-work-play environment that has helped reposition Wheeling’s downtown as a regional destination for dining, entertainment, and residential living.

WHEELING TOWN CENTER: Wheeling Town Center is a modern mixed-use development that serves as the centerpiece of downtown Wheeling. Completed as part of a roughly $110 million redevelopment effort, the project spans approximately 16 acres and combines residential, retail, dining, and entertainment uses in a walkable, pedestrian-oriented environment. The development includes a five-story luxury apartment community known as ONE Wheeling Town Center, which features approximately 301 residential units offering a mix of studio, one- , two-, and three-bedroom floor plans, arranged around a large courtyard and integrated parking structure. Wheeling Town Center also offers roughly 100,000 square feet of retail, restaurant, and entertainment space, designed to create a vibrant town-center environment that attracts both residents and visitors. Key tenants include popular establishments such as Cinergy Cinemas, MP Kitchen & Bar, Moretti’s Ristorante and Pizzeria, Finn McCool’s, Starbucks, Inland Bank, Mia’s Cantina, 312 Nails & Spa, and The Learning Experience childcare center. The development is organized around a central pedestrian plaza and “Village Green,” which functions as a community gathering space with seating areas, landscaping, and space for public events and performances.

TRAFFIC COUNTS: Over 24,600 vehicles pass the Property daily along W Dundee Road (IL-68) and more than 43,400 vehicles pass through the nearby signalized intersection of W Dundee Rd (IL-68), Wheeling Road and McHenry Road.

DEMOGRAPHICS: More than 100,000 people live within 3-miles of the Property with an average household income of $145,208. More than 266,200 people live within 5-miles of the Property with an average household income of $173,845. Additionally, there are more than 65,800 employees within 3 miles of the Property.