507 E Illinois Hwy - Day Care Center FOR SALE
New Lenox, IL 60451 |
$840,770 USD
818-540-8200
507 E Illinois Hwy
New Lenox, IL 60451
HIGHLIGHTS
- Exceptional Childcare Tenant – KinderCare Learning Centers is the single-largest for-profit childcare provider in the country with 2,300+ locations.
- Early Lease Extension – Lease was subject to a rare 10-year extension from the tenant, further demonstrating their commitment to the location.
- Recent Capital Improvements – Roughly $100,000 in capital improvements are being invested into the school for the current operating business.
- Low Rent Location – The tenant currently pays approximately $6/SF in rent which allows for a bite-size price point and lower tenant operating costs.
- Childcare Supporting Demographics – The subject property is well located within an affluent portion of the Chicago MSA with a $160,000+ average HHI.
- Early Education Growth – The US childcare market was valued as a $59.87B industry in 2023 and is anticipated to reach a $73B valuation by 2030.
FOR SALE DETAILS
PRICE
$840,770 USD
PRICE/SF
$96 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KinderCare Learning Centers
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.16 AC
LAND SF
50,530 SF
ZONING
Commercial
APN/PARCEL ID
08-22-405-002
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818-540-8200
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818-540-8200
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