Child Care
Kindercare Learning Center
2601 Quentin Rd, Schaumburg, IL 60173
Listing Price: $4,075,000
Investment Overview
Marcus & Millichap is proud to present the KinderCare Learning Centers, LLC day care property located at 2601 Quentin Ave., Schaumburg, IL.
Subject Property:
Since February 2003, the tenant has operated a day care center at this 10,042 square foot building lying on a 64,424 sq. ft land parcel. The lease is structured as an ABSOLUTE NET LEASE whereby the tenant is responsible for the payment of all taxes, insurance, utilities, operating expenses, as well as replacement of roof, HVAC, parking lot, lights, and other capital needs. After an initial 15-year lease, the tenant extended the term for another 10 years, now expiring on 2-28-2028. There are two 5-year options with CPI increases with a 10% maximum.
Kindercare Learning Center
Investment Highlights
- Affluent demographics with over 79,000 residents within a 3-mile radius
- Average household income is over $106,000
- Strong corporate guarantee from kindercare education LLC
- Absolute NNN Lease
- Strong traffic counts in excess of 40,000 VPD
- Strong historical occupancy
- Demand for child care remains extremely strong
- Schaumberg population increased by 6.35% from 2020 to 2021
Listing Price: $4,075,000
Investment Highlights
- Affluent demographics with over 79,000 residents within a 3-mile radius
- Average household income is over $106,000
- Strong corporate guarantee from kindercare education LLC
- Absolute NNN Lease
- Strong traffic counts in excess of 40,000 VPD
- Strong historical occupancy
- Demand for child care remains extremely strong
- Schaumberg population increased by 6.35% from 2020 to 2021
Investment Overview
Marcus & Millichap is proud to present the KinderCare Learning Centers, LLC day care property located at 2601 Quentin Ave., Schaumburg, IL. Subject Property: Since February 2003, the tenant has operated a day care center at this 10,042 square foot building lying on a 64,424 sq. ft land parcel. The lease is structured as an ABSOLUTE NET LEASE whereby the tenant is responsible for the payment of all taxes, insurance, utilities, operating expenses, as well as replacement of roof, HVAC, parking lot, lights, and other capital needs. After an initial 15-year lease, the tenant extended the term for another 10 years, now expiring on 2-28-2028. There are two 5-year options with CPI increases with a 10% maximum.
