301 W Black Rd | Shorewood, IL 60404
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- LoopNet Team
301 W Black Rd
Shorewood, IL 60404
The Learning Experience · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Premier, Southwest Chicago MSA Location
- Extended Corporate Guaranty
- Best-in-Class Operator & Fastest-Growing Child Care Concept in the United States
- Passive Investment & Aggressive Rental Increases
- Ground Zero of Major Redevelopment
- Exceptional Demographics - Dense & Affluent Local Market
PROPERTY FACTS
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.55 AC
Zoning
Commercial - Commercial
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
ABOUT 301 W BLACK RD , SHOREWOOD, IL 60404
The Property is operating under a new 15-year NNN lease with aggressive 11% rent increases every five years through the base term and the start of each of two, five-year option periods, providing a return of more than 23% across the base lease and nearly 52% across the entire period should the Tenant exercise all their respective renewal options.
PROPERTY TAXES
| Parcel Number | 05-06-09-206-009 | Improvements Assessment | $511,428 |
| Land Assessment | $102,000 | Total Assessment | $613,428 |
PROPERTY TAXES
Parcel Number
05-06-09-206-009
Land Assessment
$102,000
Improvements Assessment
$511,428
Total Assessment
$613,428
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