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Child Care

The Learning Tree

845 Summit St, Elgin, IL 60120

Listing Price: $2,157,652

Cap Rate
5.75%
Tenant Name
The Learning Tree
Years Remaining On Lease
12.5
Guarantor
Corporate Guarantee
Rentable SF
10,110
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.27

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.

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

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Child Care

The Learning Tree

Listing Price: $2,157,652

Cap Rate
5.75%
Tenant Name
The Learning Tree
Years Remaining On Lease
12.5
Guarantor
Corporate Guarantee
Rentable SF
10,110
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.27

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.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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