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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 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.
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
13,098 SF
Building Class
B
Year Built
2024
Price
$6,503,834
Price Per SF
$496.55
Cap Rate
7.25%
NOI
$471,528
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.89 AC
Frontage
288’ on Garfield Street
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 began in 1981 when Pauline and George Miller built an educational child care brand around learning and care. The company operates a franchise system of early learning centers that serve infants, toddlers, preschoolers, and school-age children through full-day care, before- and after-school programs, and summer camp options. Kiddie Academy's Life Essentials curriculum centers on character, confidence, curiosity, connection, critical thinking, and creative expression, while also emphasizing health and safety practices at the center level. The brand has grown into a broad U.S. network of academies and remains family owned, with a business model focused on early childhood education and family care.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $36.00 | Triple Net | Jul 2044 |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $173,750 | |
| Land Assessment | $311,808 | Total Assessment | $485,558 |
Property Taxes
Parcel Numbers
Land Assessment
$311,808
Improvements Assessment
$173,750
Total Assessment
$485,558
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