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KinderCare - New Lenox, IL 507 E Illinois Hwy 8,800 SF Retail Building New Lenox, IL 60451 $810,742 ($92.13/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- KinderCare is the largest provider of early education and child care, operating more than 2,300 centers nationwide.
- New Lenox, a suburb of Chicago, is located 30 miles from Chicago O'Hare International Airport (ORD) and less than one hour north of downtown Chicago.
- 13 elementary feeder schools within a 5-mile radius.
- 10-year Triple Net (NNN) Lease with limited landlord responsibilities.
- Average household Income of $150,022 and a population of 80,450 residents within a 5-mile radius.
- Directly across Illinois Hwy is a 23-acre residential development planned for 200+ homes.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale an 8,800 SF KinderCare located at 507 E Illinois Hwy in New Lenox, IL. This property features a 10-year Triple Net (NNN) Lease with limited landlord responsibilities, providing a reliable and lowmaintenance investment opportunity with a strong national tenant in place.
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
Building Size
8,800 SF
Building Class
C
Year Built
1992
Price
$810,742
Price Per SF
$92.13
Cap Rate
7%
NOI
$56,752
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.16 AC
Zoning
Commercial
Frontage
166’ on Il Hwy
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- KinderCare
- Educational Services
- 8,800 SF
- $6.45
- Triple Net
- May 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| KinderCare | Educational Services | 8,800 SF | $6.45 | Triple Net | May 2035 |
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KinderCare - New Lenox, IL | 507 E Illinois Hwy
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