Child Care
The Learning Tree
845 Summit St, Elgin, IL 60120
Listing Price: $2,157,652
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Learning Tree Early Learning Center located at 845 Summit Street in Elgin, Illinois. The site consists of roughly 10,110 rentable square feet of building space on estimated 0.81-acre parcel of land. This Learning Tree is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 31st. 2019. The current annual rent is set to increase by 2% in December 2022 to $124,065 and is scheduled to increase by 2% annually throughout the base term and in each of the 2, 5-year renewal options.
Listing Price: $2,157,652
Investment Highlights
- Long-Term, 15-Year Absolute Triple Net (NNN) Lease
- Approximately 12.50 Years Remaining On The Base Term
- Low Rent of $12/ft and Low Price of $213/ft | 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 845 Summit Street in Elgin, Illinois. The site consists of roughly 10,110 rentable square feet of building space on estimated 0.81-acre parcel of land. This Learning Tree is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 31st. 2019. The current annual rent is set to increase by 2% in December 2022 to $124,065 and is scheduled to increase by 2% annually throughout the base term and in each of the 2, 5-year renewal options.
