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32809915
32809914

501 Busse Highway, Park Ridge, IL 60068

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook
$6,425,821
1 day on market
Updated 1 day ago

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

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook

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$
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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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Additional Information

Name
Steven Weinstock
License
471.011175
Brokerage
Marcus & Millichap
Title
Broker of Record
Name
Dominic Sulo
License
IL 475.134920
Brokerage Phone
630-570-2171
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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