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BrightPath 20786 N Quentin Rd 11,000 SF Retail Building Kildeer, IL 60010 $7,213,000 ($655.73/SF) 7% Cap Rate
Investment Highlights
- 15-year BrightPath lease featuring 2% annual rental increases throughout the base term and options
- Large 2.48 acre lot
- Extremely affluent demographics – $165,000 average household incomes within a 5-mile radius of the subject property
- Full corporate guaranty from BrightPath’s parent company – Busy Bees (see below)
- Busy Bees US Holdings’ 2024 revenues totaled $221M, a 42.6% increase over the previous year
- Situated in the midst of Lake Zurich and Stevenson school districts, which consistently ranks as a top school district nationally
Executive Summary
A brand-new 15-year corporate BrightPath lease featuring 2% annual rental increases throughout the base term and options. The subject property is located in Kildeer – an affluent Chicago suburb boasting $165,000 average household incomes within a 5-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,000 SF
Building Class
B
Year Built
2022
Price
$7,213,000
Price Per SF
$655.73
Cap Rate
7%
NOI
$504,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.48 AC
Parking
38 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
72’ on North Quentin Road
Amenities
- 24 Hour Access
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-33-200-063 | Improvements Assessment | $672,160 |
| Land Assessment | $235,987 | Total Assessment | $908,147 |
Property Taxes
Parcel Number
14-33-200-063
Land Assessment
$235,987
Improvements Assessment
$672,160
Total Assessment
$908,147
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Presented by
CPP CRE ILLINOIS, LLC
BrightPath | 20786 N Quentin Rd
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