The Learning Tree 2325 Royal Blvd 19,819 SF Retail Building Elgin, IL 60123 $3,984,071 ($201.02/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Annual Increases | Lesser of CPI or 2%
- Approximately 15.6 Years Remaining
EXECUTIVE SUMMARY
About the Tenant / Brand
? Premier Early Childhood Education has Been Successfully Operating and Growing Since
2018
? The Tenant/Guarantor Now Operates 120 Locations, with numerous others under LOI for
acquisition.
? The Tenant Expects their Growth to Continue to 150 Locations by The End of 2024, Nearly
Doubling Their Store Count In 2022
? Highly Experienced Management Team with Expansive Education and Platform Building
Backgrounds | Company Now Employs Roughly 3,400 Employees
? Significant Financial Sponsorship With Qualified Equity Sponsor
? Premier Early Childhood Education has Been Successfully Operating and Growing Since
2018
? The Tenant/Guarantor Now Operates 120 Locations, with numerous others under LOI for
acquisition.
? The Tenant Expects their Growth to Continue to 150 Locations by The End of 2024, Nearly
Doubling Their Store Count In 2022
? Highly Experienced Management Team with Expansive Education and Platform Building
Backgrounds | Company Now Employs Roughly 3,400 Employees
? Significant Financial Sponsorship With Qualified Equity Sponsor
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
19,819 SF
Building Class
C
Year Built
1996
Price
$3,984,071
Price Per SF
$201.02
Cap Rate
7%
NOI
$278,885
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
2.28 AC
Zoning
AB
Parking
74 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
217’ on Royal BLVD
PROPERTY TAXES
| Parcel Number | 06-09-152-002 | Improvements Assessment | $845,319 |
| Land Assessment | $236,402 | Total Assessment | $1,081,721 |
