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Child Care

Parkland Preparatory Academy

2220 Southwind Blvd, Bartlett, IL 60103

Listing Price: $7,700,000

Cap Rate
6.49%
Tenant Name
Parkland Preparatory Academy
Years Remaining On Lease
14.1
Gross SF
20,000
Guarantor
State Agency
Rentable SF
20,000
Price/Gross SF
$385.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.00

Investment Overview

DOUBLE NET LEASE (LANDLORD RESPONSIBLE FOR STRUCTURAL AND ROOF REPAIRS, MAINTENANCE AND LANDLORD INSURANCE COSTS)

AVERAGE HOUSEHOLD INCOME OF $109,153 WITHIN FIVE MILES

Investment Highlights

  • BUILD-TO SUIT LOCATION (RELOCATION FROM STREAMWOOD, IL)
  • 15 YEAR - OVER 14 YEARS REMAIN
  • RENT INCREASES EVERY FIVE YEARS ALL THROUGH THE INITIAL LEASE TERM
  • CORPORATE GUARANTEE - FOUR LOCATIONS
  • DOUBLE NET LEASE
  • TWO - FIVE YEAR OPTIONS WITH 5% INCREASES AT EACH OPTION

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Child Care

Parkland Preparatory Academy

Listing Price: $7,700,000

Cap Rate
6.49%
Tenant Name
Parkland Preparatory Academy
Years Remaining On Lease
14.1
Gross SF
20,000
Guarantor
State Agency
Rentable SF
20,000
Price/Gross SF
$385.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.00

Investment Highlights

  • BUILD-TO SUIT LOCATION (RELOCATION FROM STREAMWOOD, IL)
  • 15 YEAR - OVER 14 YEARS REMAIN
  • RENT INCREASES EVERY FIVE YEARS ALL THROUGH THE INITIAL LEASE TERM
  • CORPORATE GUARANTEE - FOUR LOCATIONS
  • DOUBLE NET LEASE
  • TWO - FIVE YEAR OPTIONS WITH 5% INCREASES AT EACH OPTION

Investment Overview

DOUBLE NET LEASE (LANDLORD RESPONSIBLE FOR STRUCTURAL AND ROOF REPAIRS, MAINTENANCE AND LANDLORD INSURANCE COSTS)

AVERAGE HOUSEHOLD INCOME OF $109,153 WITHIN FIVE MILES

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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