1281 115th St - Day Care Center FOR SALE


Bolingbrook, IL 60490
$4,734,000 USD
502-442-7079
1281 115th St, Bolingbrook, IL for Sale
$4,734,000 USD
Day Care Center - FOR SALE
1/9
null | 6.8% Cap Rate

1281 115th St
Bolingbrook, IL 60490


HIGHLIGHTS

  • Long-Term Early Education Tenant | Options To Extend
  • NN Lease Structure | Limited Landlord Responsibilities
  • Strategic Chicago MSA Location | Bolingbrook, Illinois
  • Dense Industrial & Employment Corridor | Logistics Hub
  • Strong Visibility & Accessibility | Established Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners and Cushman & Wakefield are pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased The Learning Experience investment property located in Bolingbrook, Illinois, a strong suburban community within the Chicago MSA. The tenant, CRE8IVE Beginnings of Bolingbrook, Inc. dba The Learning Experience, operates under the nationally recognized early childhood education brand, The Learning Experience, with a limited guaranty from The Learning Experience Corp. The lease features a 16-year initial term expiring May 1, 2034, with two (2) five-year options to extend, demonstrating the tenant’s long-term commitment to the location. The rent schedule increases from $290,000 annually to $321,900 in years 6–10 and $357,309 in years 11–16, with continued growth during the option periods, providing steady NOI growth and a hedge against inflation. The tenant is responsible for taxes, CAM, utilities, insurance, and day-to-day maintenance, while the landlord remains responsible for the roof, structure, and parking lot, making this an attractive investment with limited landlord responsibilities.

FOR SALE DETAILS

PRICE

$4,734,000 USD

PRICE/SF

$390 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience | 16yr Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

I-1

APN/PARCEL ID

12-02-20-301-018

ASK ABOUT THIS PROPERTY

Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.