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32620486
32620485

507 E Illinois Highway, New Lenox, IL 60451

CT
IL 475165868
Northmarq - Chicago
Listed by Northmarq - Chicago
$793,734
24 days on market
Updated 24 days ago

KinderCare

Details
APN 15-08-22-405-002-0000
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 8,800
Cap Rate 7.15%
NOI $56,752
Tenancy Single
Lease Type NN
Lease Expiration 05/31/2035
Rent Bumps Yes
Lease Options Three (3) Five (5) Year Options
Year Built 1992
Acreage 1.160
Investment Type Net Lease
Lease Commencement 03/01/1992
Ownership Fee Simple

Retail | 7.15% CAP | 8,800 SqFt

Marketing description

Northmarq is pleased to offer for sale a 9-year absolute net leased KinderCare Learning Center located at 507 E Illinois Highway in New Lenox, Illinois. The 8,800 square foot building sits on 1.16 acres and has been occupied by KinderCare since 1992, demonstrating a 34-year operating history at this irreplaceable location within the affluent Chicago MSA southwest suburban corridor.

The property benefits from its strategic position less than one hour from Downtown Chicago, with direct access to Interstate 80, Interstate 355, and U.S. Route 30. The surrounding trade area features average household incomes exceeding $130,000 within three miles, with thirteen elementary feeder schools within a five-mile radius providing a stable pipeline of young families and long-term childcare demand.

Located approximately five miles from the newly developed $70 million Wintrust Crossroads Sports Complex, a 100-acre regional youth athletics and entertainment destination, the property benefits from enhanced long-term consumer traffic, family visibility, and growth throughout the immediate trade area.

Investment highlights

  • LONG-TERM COMMITMENT TO SITE – 34-YEAR OPERATING HISTORY
  • AFFLUENT FAMILY-CENTRIC TRADE AREA
  • STRATEGIC CHICAGO MSA LOCATION
  • NATIONALLY RECOGNIZED & LARGEST DAYCARE PROVIDER
  • PROXIMATE TO TRANSFORMATIONAL $70MM SPORTS COMPLEX

Listing Contacts

CT
IL 475165868
Northmarq - Chicago
Listed by Northmarq - Chicago

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,752.00
$4,729.33/mo

Valuation Metrics

0
DSCR
7.15%
Cap Rate
7.15%
ROI

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Additional Information

Name
Christian Tremblay
License
475165868
Brokerage Phone
3128586725
Brokerage Address
191 North Wacker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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