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Cadence Academy - North Aurora, IL 50 Mitchell Rd 11,783 SF Retail Building North Aurora, IL 60542 $4,562,927 ($387.25/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Cadence Education is one of the largest private childcare providers in the United States, with 30+ years of operating history.
- ~15 years remaining on the lease with favorable 2% annual rent escalators.
- 14 elementary feeder schools within a 5-mile radius.
- North Aurora, a suburb of Chicago, is a 35-minute drive from both Chicago O'Hare International Airport (ORD) and Chicago Midway International Airport.
- Average household income of $124,167 and a population of 173,941 residents within a 5-mile radius.
- 1 mile from the Riverfront Park, an area undergoing a $3M revitalization to support future tourism, community, residential, and commercial growth.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 11,783 SF Cadence Academy located at 50 North Mitchell Rd in North Aurora, IL. This deal includes ~15 years remaining on the initial term with favorable 2% annual rent escalators and zero landlord responsibilities, 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
11,783 SF
Building Class
B
Year Built
2005
Price
$4,562,927
Price Per SF
$387.25
Cap Rate
6.50%
NOI
$296,590
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.98 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cadence Academy
- Educational Services
- 11,783 SF
- $25.18
- Full Service
- Sep 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cadence Academy | Educational Services | 11,783 SF | $25.18 | Full Service | Sep 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-03-229-002 | Improvements Assessment | $1,276,163 |
| Land Assessment | $118,458 | Total Assessment | $1,394,621 |
PROPERTY TAXES
Parcel Number
15-03-229-002
Land Assessment
$118,458
Improvements Assessment
$1,276,163
Total Assessment
$1,394,621
CONTACTS
-
Seth Krepistman -
Jason May -
Clifton McCrory -
Michael Gonzalez -
Max Freedman -
Sands Investment Group Austin, LLC
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Cadence Academy - North Aurora, IL | 50 Mitchell Rd
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