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Shopping Strip

Two-Tenant Daycare & School

40 W Acorn Ln, Lake in the Hills, IL 60156

Listing Price: $2,633,000

Cap Rate
8.15%
Gross SF
16,431
Rentable SF
16,431
Price/Gross SF
$160.25
Lot Size
1.76 acres
Year Built
1992

Investment Overview

Marcus & Millichap is pleased to exclusively present a fully occupied two-tenant daycare and school, featuring net leases with annual rental increases. The property hosts The Learning Hills Daycare & Preschool and Parkland Preparatory Academy. Parkland Preparatory, an extension of School District 300, focuses on serving students with disabilities who have struggled in traditional public school settings. The property is priced significantly below replacement cost at $160.25 per square foot. Nestled in a dense retail corridor adjacent to major attractions like AMC Lake In The Hills, Lowe’s, and Costco, the area boasts a rich tenant mix, including national brands. Conveniently located 14 miles from Northwestern Medicine Huntley Hospital in a thriving Chicago suburb, the property sits amidst consistent population growth, with further increases anticipated.

Investment Highlights

  • Two-Tenant Daycare & School | 100% Occupied | Net Leases with Annual Rental Increases
  • The Learning Hills Daycare & Preschool has 7 Years of Term Remaining | Parkland Preparatory Academy has 5 Years Remaining
  • Parkland Preparatory Academy is an Extension of School District 300 | If Qualified IEP Students are Referred to Parkland from the School District, the District Pays the Tuition
  • Significantly Below Replacement Cost | $160.25 per Square Foot
  • Adjacent to AMC Lake In The Hills, Ace Hardware, Starbucks, Noodles & Company, Jersey Mike's, Einstein Bros Bagels, Poke Bros, and More | Across the Street from Lowe's and Costco
  • 400 Feet from Randall Road and Acorn Lane Intersection | 31,800 Vehicles per Day
  • Located in an Affluent, Growing Chicago Suburb | 70,125 People Live Within a Three-Mile Radius Making an Average Household Income of $126,495

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

Shopping Strip

Two-Tenant Daycare & School

Listing Price: $2,633,000

Cap Rate
8.15%
Gross SF
16,431
Rentable SF
16,431
Price/Gross SF
$160.25
Lot Size
1.76 acres
Year Built
1992

Investment Highlights

  • Two-Tenant Daycare & School | 100% Occupied | Net Leases with Annual Rental Increases
  • The Learning Hills Daycare & Preschool has 7 Years of Term Remaining | Parkland Preparatory Academy has 5 Years Remaining
  • Parkland Preparatory Academy is an Extension of School District 300 | If Qualified IEP Students are Referred to Parkland from the School District, the District Pays the Tuition
  • Significantly Below Replacement Cost | $160.25 per Square Foot
  • Adjacent to AMC Lake In The Hills, Ace Hardware, Starbucks, Noodles & Company, Jersey Mike's, Einstein Bros Bagels, Poke Bros, and More | Across the Street from Lowe's and Costco
  • 400 Feet from Randall Road and Acorn Lane Intersection | 31,800 Vehicles per Day
  • Located in an Affluent, Growing Chicago Suburb | 70,125 People Live Within a Three-Mile Radius Making an Average Household Income of $126,495

Investment Overview

Marcus & Millichap is pleased to exclusively present a fully occupied two-tenant daycare and school, featuring net leases with annual rental increases. The property hosts The Learning Hills Daycare & Preschool and Parkland Preparatory Academy. Parkland Preparatory, an extension of School District 300, focuses on serving students with disabilities who have struggled in traditional public school settings. The property is priced significantly below replacement cost at $160.25 per square foot. Nestled in a dense retail corridor adjacent to major attractions like AMC Lake In The Hills, Lowe’s, and Costco, the area boasts a rich tenant mix, including national brands. Conveniently located 14 miles from Northwestern Medicine Huntley Hospital in a thriving Chicago suburb, the property sits amidst consistent population growth, with further increases anticipated.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

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