Listed by CP Partners
$7,213,000
BrightPath
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 11,000
Cap Rate 7%
NOI $504,900
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 15
Lease Expiration 01/31/2040
Rent Bumps Yes
Lease Options Three,5-year
Year Built 2022
Buildings 1
Acreage 2.480
Parking Spaces 38 spaces
Parking Per SqFt 3.45
Investment Type Net Lease
Ground Lease No
Corporate Guaranty from BrightPath's Parent Company | Extremely Affluent Chicago Submarket
Marketing description
A brand-new 15-year corporate BrightPath lease featuring 2% annual rental increases throughout the base term and options. The subject property is located in Kildeer – an affluent Chicago suburb boasting $165,000 average household incomes within a 5-mile radius.
Investment highlights
- 15-year BrightPath lease featuring 2% annual rental increases throughout the base term and options
- Full corporate guaranty from BrightPath’s parent company – Busy Bees (see below)
- Large 2.48 acre lot
- Busy Bees US Holdings’ 2024 revenues totaled $221M, a 42.6% increase over the previous year
- Extremely affluent demographics – $165,000 average household incomes within a 5-mile radius of the subject property
- Situated in the midst of Lake Zurich and Stevenson school districts, which consistently ranks as a top school district nationally
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$504,900.00
$42,075.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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