

Listed by Marcus & Millichap - Chicago Oak Brook
$6,425,821
Everbrook Academy - Park Ridge, IL (Chicago MSA)
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 12,662
Cap Rate 7.25%
NOI $465,872
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 15
Lease Expiration 01/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options Three, Five-Year
Broker Co-Op True
Year Built 2021
Acreage 1.280
Tenant Credit Corporate Guarantee
Lease Commencement 01/25/2021
Ground Lease No
Ownership Fee Simple
#2 Corporate Operator in the Country | 9+ Years Remaining | AHHI Exceeds $175,000 in a 1-Mile Radius
Investment highlights
Corporate Guaranty from the #2 Corporate Operator in the Country
- Learning Care Group (LCG) is officially recognized as the second-largest for-profit early childhood education and care provider in North America.
- The company operates over 1,150 schools across the United States. Its network spans across 40 states and Washington, D.C.
- LCG has the collective capacity to care for and educate over 165,000 children daily, ranging in age from 6 weeks to 12 years old.
- Unlike some competitors that operate under a single name, LCG achieves its massive scale by maintaining a diverse portfolio of 11 unique brand identities. This multi-brand approach allows them to target various market segments, educational philosophies, and geographic regions.
- Driven by its massive footprint, LCG generates an estimated $4.1 billion in annual revenue.
9+ Years Remaining with 10.00% Increases Every 5 Years
- The Learning Care Group corporately guaranteed lease has over 9 years remaining.
- The lease features rental increases every 5 years of 10.00% and continuing into the option periods, growing NOI and hedging against inflation.
- The lease features limited landlord responsibilities, allowing for a passive investment for a new landlord.
Chicago MSA - 9,400,000+ People
- Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan and expands over a 5,000-square-mile region in northeastern Illinois, extending into Wisconsin and Indiana.
- The metro has one of the biggest economies in the nation and is buoyed by its distribution, finance, manufacturing operations and growing high-technology sectors.
Over $346,000,000 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.
Listing Contacts


Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$465,872.00
$38,822.67/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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