Kiddie Academy 1117 Garfield St 13,098 SF Retail Building Oak Park, IL 60304 $6,503,834 ($496.55/SF) 7.25% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Kiddie Academy property located in Oak Park, Illinois within the Chicago MSA. The property was constructed for the tenant in 2024 and features a long-term 20-year lease through July 2044. There are 2% annual rental increases throughout the primary term and three 5-year renewal options. The landlord responsibilities are limited to the foundation and structure. The lease also features a personal guaranty from the operators.
The 13,098 square-foot building is located near the intersection of Harlem Avenue (34,400 VPD) and Gar?eld Street (16,100 VPD). The property also bene?ts from the immediate access to the Eisenhower Expressway (I-290), which experiences over 195,000 vehicles per day and leads to downtown Chicago. The asset is located in an affluent neighborhood where households within a one-mile radius earn more than $136,000. The surrounding area is also dense with more than 716,000 people living within a ?ve-mile radius. The property is within walking distance of the Forest Park Park District and the CTA Blue Line Harlem station, enhancing accessibility. Additionally, it’s centrally located among three major hospitals: Hines VA Medical Center (483 beds), Loyola University Medical Center (547 beds), and Rush Oak Park Hospital (296 beds).
Kiddie Academy, founded in 1981 by George and Pauline Miller in Baltimore County, Maryland, is a leading franchise system of early learning centers headquartered in Abingdon, Maryland. With over 340 academies across 40 states and the District of Columbia, the company serves children ages 6 weeks to 12 years, offering full-time care, before- and after-school programs, and summer camps. Kiddie Academy’s proprietary Life Essentials® curriculum emphasizes character development, confidence, curiosity, and critical thinking, preparing children for academic and personal success. The company has earned corporate accreditation from the Cognia accreditation system, reflecting its commitment to high-quality education and childcare standards.