BrightPath Early Learning
Kildeer, IL
Key Details
| Price: | $7,173,913 |
|---|---|
| Cap Rate: | 6.90% |
| Annual Rent: | $495,000 |
| Address: | 20786 North Quentin Road, Kildeer, Illinois 60010 |
| Property Type: | Retail |
| Lease Type: | Modified Triple Net |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 6/15/2025 |
| Lease Expiration: | 6/30/2040 |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 2.48 Acres |
| Building Size: | 11,000 SF |
| Year Built: | 2022 |
NNN Pro is pleased to present the exclusive listing for a BrightPath Early Learning located at 20786 North Quentin Road, Kildeer, Illinois 60010. The site consists of roughly 11000 rentable square feet of building space on an estimated 2.48-acre parcel of land. This BrightPath Early Learning is subject to a 15-year Modified Triple Net lease, which commenced 6/15/2025. The current annual rent is $495,000 and has scheduled increases of 2.00% Annually.
About the Investment
- Long Term Modified Triple-Net (NNN) Lease | This investment is subject to a long term, fifteen year modified triple-net (NNN) lease. The lease will have scheduled rental increases of 2.00% annually, and landlord will be responsible for the structure of the building. Both the roof and structure have a fifteen year warranty attached to them.
- Busy Bees Subsidiary | In May of 2017, BrightPath was acquired by Busy Bees, a globally recognized leader in early childhood education, operating nearly 1,000 sites in 10 countries worldwide. The guarantor’s (Busy Bees US Holdings LLC) obligations are supported by minimal debt, which are tied directly to the parent company.
- One of the Fastest Growing Early Education Programs in the Country | BrightPath is one of North America’s largest and fastest growing childcare child care providers. BrightPath operates over 230 centers across Canada and the United States with continued plans for expansion across the region.
Key Details
| Price: | $7,173,913 |
|---|---|
| Cap Rate: | 6.90% |
| Annual Rent: | $495,000 |
| Address: | 20786 North Quentin Road, Kildeer, Illinois 60010 |
| Property Type: | Retail |
| Lease Type: | Modified Triple Net |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 6/15/2025 |
| Lease Expiration: | 6/30/2040 |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 2.48 Acres |
| Building Size: | 11,000 SF |
| Year Built: | 2022 |
Talk to the Pros
Christopher Urban
curban@nnnpro.com
License: NY: 10401294011
Brendan Murphy
bmurphy@nnnpro.com
License: NY: 10401389060
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
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.