The Learning Tree
Elgin, IL
Key Details
| Price: | $3,984,071 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $278,885 |
| Address: | 2325 Royal Boulevard, Elgin, Illinois 60123 |
| Property Type: | Specialty |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 12/31/2019 |
| Lease Expiration: | 12/31/2039 |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | Lesser of CPI or 2% Annual |
| Lot Size: | 2.28 Acres |
| Building Size: | 19,819 SF |
| Year Built: | 1996 |
NNN Pro is pleased to present the exclusive listing for a The Learning Tree located at 2325 Royal Boulevard, Elgin, Illinois 60123. The site consists of roughly 19819 rentable square feet of building space on an estimated 2.28-acre parcel of land. This The Learning Tree is subject to a 20-year Triple Net (NNN) lease, which commenced 12/31/2019. The current annual rent is $278,885 and has scheduled increases of Lesser of CPI or 2% Annual.
About the Investment
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Approximately 15.6 Years Remaining
- Annual Increases | Lesser of CPI or 2%
- Two(2), Five (5)-Year Tenant Renewal Options
- Strong Enrollment Numbers | Contact Agent for Details
- The Childcare Market Has Increased To A $65.1 Billion Valuation In 2023 With Growth Expected To Compound At Nearly 4% Through 2027
- Early Education Has Seen A 210% Revenue Increase Over The Last Five Years
- Over 60% of families with young children have both parents working, creating a strong need for childcare.
About the Location
- Large Trade Area| The Home Depot, McDonald's, Dollar Tree, Burger King, Popeyes, Taco Bell, Dunkin, Speedway, Napa, Subway, Culvers and Many More
- Strong Demographics | Population Exceeds 162,800 Individuals Within a Five-Mile Radius
- Strong Real Estate Fundamentals | Strong Daytime Population Supported by Local Office, Medical, and Industrial Parks | Located Within and Around Major Housing Developments
- Strong Traffic Counts | Over 5,400 and 52,700 Vehicles Per Day Along Royal Boulevard and North Randall Road
- Six Schools Within a 2-Mile Radius | Combined Enrollment of Over 4,500 Students Affluent Community | Average Household Income Exceeding $105,100 Within a Five-Mile Radius
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.
- 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
Key Details
| Price: | $3,984,071 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $278,885 |
| Address: | 2325 Royal Boulevard, Elgin, Illinois 60123 |
| Property Type: | Specialty |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 12/31/2019 |
| Lease Expiration: | 12/31/2039 |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | Lesser of CPI or 2% Annual |
| Lot Size: | 2.28 Acres |
| Building Size: | 19,819 SF |
| Year Built: | 1996 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Cade Kearn
ckearn@nnnpro.com
License: NY: 10401306065
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Broker of Record
Brian Brockman
Bang Realty-Illinois, Inc
License: 471020548
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.