Child Care
The Learning Tree
210 N Harrison St, Algonquin, IL 60102
Listing Price: $891,483
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Learning Tree Early Learning Center located at 210 North Harrison Street in Algonquin, Illinois. The site consists of roughly 5,923 rentable square feet of building space on estimated 0.37-acre parcel of land. This Learning Tree is subject to a 15-year absolute triple-net (NNN) lease, which commenced November 1st. 2019. The current annual rent is set to increase by 2% in December 2022 to $53,489 and is scheduled to increase by 2%annually throughout the base term and in each of the 2, 5-year renewal options.
Listing Price: $891,483
Investment Highlights
- Long-Term, 15-Year Absolute Triple Net (NNN) Lease
- Approximately 12.50 Years Remaining On The Base Term
- Below-Market Rent of $9/ft | Significantly Lower Than Early Education Peers
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Learning Tree Early Learning Center located at 210 North Harrison Street in Algonquin, Illinois. The site consists of roughly 5,923 rentable square feet of building space on estimated 0.37-acre parcel of land. This Learning Tree is subject to a 15-year absolute triple-net (NNN) lease, which commenced November 1st. 2019. The current annual rent is set to increase by 2% in December 2022 to $53,489 and is scheduled to increase by 2%annually throughout the base term and in each of the 2, 5-year renewal options.
