The Learning Experience - Shorewood, IL | 301 W Black Rd
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The Learning Experience - Shorewood, IL 301 W Black Rd
10,000 SF Retail Building Shorewood, IL 60404 $5,113,928 ($511/SF) 7% Cap Rate
Investment Highlights
- The Learning Experience Started in 1980 With 1 Center and Has Since Grown to 450+ Locations That Are Open or Under Development
- The Property is Ideally Positioned on a 1.55 Acre Lot Between Several Large Suburban Neighborhoods and Many Key Employers in the Area
- Established Retailers Nearby Include: Home Depot, O'Reilly Auto Parts, Marshalls, Walmart, CVS, Target, Orange Theory, Speedway Etc.
- This Asset is 100% Leased to The Learning Experience on a Triple Net (NNN) Lease
- Total Consumer Spending on Education and Daycare Exceeds $117 Million Annually Within a 5-Mile Radius of This Location
- The Childcare and Early Education Industry is Projected to Grow at an Annual Rate of 5.0% Over the Next Five Years
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,000 SF The Learning Experience Located at 301 West Black Road in Shorewood, IL. This Asset is 100% Leased to The Learning Experience on a Triple Net (NNN) Lease With the Only Landlord Responsibility Being Roof & Structure Featuring 11% Rental Increases Every 5 Years, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2019
Price
$5,113,928
Price Per SF
$511
Cap Rate
7%
NOI
$357,975
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.55 AC
Zoning
Commercial
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- The Learning Experience
- Educational Services
- 10,000 SF
- $35.80
- Triple Net
- Nov 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| The Learning Experience | Educational Services | 10,000 SF | $35.80 | Triple Net | Nov 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-09-206-009 | Improvements Assessment | $511,428 |
| Land Assessment | $102,000 | Total Assessment | $613,428 |
PROPERTY TAXES
Parcel Number
06-09-206-009
Land Assessment
$102,000
Improvements Assessment
$511,428
Total Assessment
$613,428
Contacts
-
Andrew Gilbert -
Ryan Sompayrac -
Clifton McCrory -
Chris Sands -
Adam Bridges -
William Steinman -
Sands Investment Group
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The Learning Experience - Shorewood, IL | 301 W Black Rd
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