Child Care
Step by Step Daycare
2525 Sherman Ave, North Chicago, IL 60064
Listing Price: $1,339,000
Cap Rate
9.00%
Tenant Name
Step by Step Daycare
Years Remaining On Lease
4.2
Gross SF
7,490
Guarantor
Personal Guarantee
Rentable SF
7,490
Price/Gross SF
$178.77
Lease Type
Double Net
Rent Per Square Feet
$16.09
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Step by Step Daycare in North Chicago, IL.
Step by Step Daycare
Investment Highlights
- 4+ years remaining on a single-tenant double net (NN) leased Step-by-Step Daycare in North Chicago, IL. The lease is set to expire in December of 2028 and includes 3% annual rent increases.
- Step-by-Step can be accessed by Green Bay Rd, which sees over 12,900+ VPD and is proximate to the intersection of Green Bay Rd and Buckley Rd, which sees a combined 31,000+ VPD.
- The daycare is located in a dense residential area, with 18,302 households within a 3-mile radius and 44,742 households within a 5-mile radius. The AHI within a 3-mile radius is $97,667.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $1,339,000
Cap Rate
9.00%
Tenant Name
Step by Step Daycare
Years Remaining On Lease
4.2
Gross SF
7,490
Guarantor
Personal Guarantee
Rentable SF
7,490
Price/Gross SF
$178.77
Lease Type
Double Net
Rent Per Square Feet
$16.09
Investment Highlights
- 4+ years remaining on a single-tenant double net (NN) leased Step-by-Step Daycare in North Chicago, IL. The lease is set to expire in December of 2028 and includes 3% annual rent increases.
- Step-by-Step can be accessed by Green Bay Rd, which sees over 12,900+ VPD and is proximate to the intersection of Green Bay Rd and Buckley Rd, which sees a combined 31,000+ VPD.
- The daycare is located in a dense residential area, with 18,302 households within a 3-mile radius and 44,742 households within a 5-mile radius. The AHI within a 3-mile radius is $97,667.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Step by Step Daycare in North Chicago, IL.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
