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Cadence Academy - Carol Stream, IL 1280 Kuhn Rd 14,195 SF Retail Building Carol Stream, IL 60188 $7,828,300 ($551.48/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Cadence Education is one of the largest private childcare providers in the United States, with 30+ years of operating history and 300+ locations.
- ~15 years remaining on the lease with favorable 2% annual rent escalations.
- 19 feeder elementary schools within a 5-mile radius.
- Carol Stream, a suburb of Chicago, is 30 minutes west of Chicago O'Hare International Airport (ORD).
- An average household income of $131,098 and a population of 226,810 residents within a 5-mile radius.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 14,195 SF Cadence Academy located at 1280 Kuhn Rd in Carol Stream, IL. This deal includes ~15 years remaining on the lease with favorable 2% annual rent escalations, offering a stable and reliable investment opportunity.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
14,195 SF
Building Class
C
Year Built
2006
Price
$7,828,300
Price Per SF
$551.48
Cap Rate
6%
NOI
$469,698
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.70 AC
Zoning
C
Parking
61 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
275’ on Merrimac Lane South
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cadence Academy
- Educational Services
- 14,195 SF
- $33.09
- Triple Net
- Sep 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cadence Academy | Educational Services | 14,195 SF | $33.09 | Triple Net | Sep 2040 |
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 02-19-206-004 | Improvements Assessment | $337,385 |
| Land Assessment | $284,944 | Total Assessment | $622,329 |
PROPERTY TAXES
Parcel Number
02-19-206-004
Land Assessment
$284,944
Improvements Assessment
$337,385
Total Assessment
$622,329
CONTACTS
-
Seth Krepistman -
Jason May -
Clifton McCrory -
Michael Gonzalez -
Max Freedman -
Sands Investment Group Austin, LLC
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Cadence Academy - Carol Stream, IL | 1280 Kuhn Rd
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