Child Care
Open Arms - Early Learning Childcare Center
2640 Ashwin Blvd, Rockford, IL 61114
Listing Price: $1,702,000
Cap Rate
8.50%
Tenant Name
Open Arms
Years Remaining On Lease
7.4
Gross SF
7,574
Guarantor
Personal Guarantee
Rentable SF
7,574
Price/Gross SF
$224.72
Lease Type
Double Net
Rent Per Square Feet
$19.10
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a childcare operator, Open Arms Early Learning Center, in Rockford, IL
Open Arms - Early Learning Childcare Center
Investment Highlights
- 7.50+ years remaining on a single-tenant net leased Open Arms Learning Center in Rockford, Illinois. The lease is currently set to expire on 4/30/2032 and includes 2% annual increases.
- The subject property is ideally located for a childcare operator with over 18,947 households within a three-mile radius. These households earn an average household income of $98,451.
- Open Arms has been operating within the greater Rockford area since 2001. The operator relocated their practice to the subject property in 2020.
- Rockford, Illinois is the perfect place to live, visit, raise a family, and grow a business. The city of Rockford is the same distance from Chicago, Illinois and Milwaukee, Wisconsin, both popular destinations. Rockford is the fourth largest city in the state and has a current population of 147,684.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $1,702,000
Cap Rate
8.50%
Tenant Name
Open Arms
Years Remaining On Lease
7.4
Gross SF
7,574
Guarantor
Personal Guarantee
Rentable SF
7,574
Price/Gross SF
$224.72
Lease Type
Double Net
Rent Per Square Feet
$19.10
Investment Highlights
- 7.50+ years remaining on a single-tenant net leased Open Arms Learning Center in Rockford, Illinois. The lease is currently set to expire on 4/30/2032 and includes 2% annual increases.
- The subject property is ideally located for a childcare operator with over 18,947 households within a three-mile radius. These households earn an average household income of $98,451.
- Open Arms has been operating within the greater Rockford area since 2001. The operator relocated their practice to the subject property in 2020.
- Rockford, Illinois is the perfect place to live, visit, raise a family, and grow a business. The city of Rockford is the same distance from Chicago, Illinois and Milwaukee, Wisconsin, both popular destinations. Rockford is the fourth largest city in the state and has a current population of 147,684.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a childcare operator, Open Arms Early Learning Center, in Rockford, IL
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
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