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Kiddie Academy 1117 Garfield St 13,098 SF Retail Building Oak Park, IL 60304 $6,503,834 ($496.55/SF) 7.25% Cap Rate
Investment Highlights
- Positioned within the Chicago MSA – Ranked #3 in the United States for population size
- Long-term 20-year lease through July 2044
- 2% annual rental escalations
- Affluent community - $136,000+ average household income within one mile
- 2024 construction
- Located along Garfield Street (16,100 VPD) with immediate access to I-290 (195,000 VPD) & Harlem Avenue (34,400 VPD)
Executive Summary
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.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- $36.00
- Triple Net
- Jul 2044
Kiddie Academy is a U.S.-based education-focused child care franchisor founded in 1981 in Baltimore County, Maryland. The organization develops and supports franchised early learning centers that provide care and educational programming for children ranging from infancy through school age. Its operating model combines centralized curriculum development, brand standards, and franchisee support with locally owned and operated academies. The company introduced its first franchise location in the early 1990s, marking a shift from single-location operations to a national franchise system. Over time, Kiddie Academy expanded beyond its home state of Maryland and established a presence across multiple U.S. markets. Its proprietary curriculum framework emphasizes structured learning experiences integrated with age-appropriate care.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $36.00 | Triple Net | Jul 2044 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $173,750 | |
| Land Assessment | $311,808 | Total Assessment | $485,558 |
Property Taxes
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Kiddie Academy | 1117 Garfield St
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