Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

930 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

KinderCare Learning Centers 507 E Illinois Hwy

8,800 SF Retail Building New Lenox, IL 60451 $840,770 ($96/SF) 6.75% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Exceptional Childcare Tenant – KinderCare Learning Centers is the single-largest for-profit childcare provider in the country with 2,300+ locations.
Recent Capital Improvements – Roughly $100,000 in capital improvements are being invested into the school for the current operating business.
Childcare Supporting Demographics – The subject property is well located within an affluent portion of the Chicago MSA with a $160,000+ average HHI.

Early Lease Extension – Lease was subject to a rare 10-year extension from the tenant, further demonstrating their commitment to the location.
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.
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.

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Day Care Center

Building Size

8,800 SF

Building Class

Year Built

1992

Price

$840,770

Price Per SF

$96

Cap Rate

6.75%

NOI

$56,752

Tenancy

Single

Building Height

1 Story

Building FAR

0.17

Lot Size

1.16 AC

Zoning

Commercial

Frontage

166 FT on Il Hwy

This feature is unavailable at the moment.