1335 N Arlington Heights Rd - Day Care Center FOR SALE


Itasca, IL 60143
$2,965,000 USD
312-624-7006
1335 N Arlington Heights Rd, Itasca, IL for Sale
$2,965,000 USD
Day Care Center - FOR SALE
1/8
null | 7.25% Cap Rate

1335 N Arlington Heights Rd
Itasca, IL 60143


HIGHLIGHTS

  • Freshly renewed lease on a +5-Year Tutor Time location with zero landlord responsibilities
  • Lease is corporately guaranteed by Tutor Time Learning Systems, Inc
  • 2-5YR options at the end of the firm term, each with 10% rental escalators
  • The property is well-sited for childcare, as well as multiple residual uses, given the strong retail fundamentals of the underlying real estate
  • Less than four miles west of O’Hare International Airport, the property is surrounded by numerous dense residential neighborhoods
  • Affluent demographics with 60,000 people and an average income of $123,000 within a 3-mile radius

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a recently extended, single tenant net-leased Tutor Time located on Arlington Heights Rd in Itasca, Illinois. Positioned in the middle of numerous dense residential neighborhoods, this property benefits from dense and affluent suburban demographics. Tutor Time recently extended their lease for 5-Years with minimal concessions at a reasonable rent of $20.50/SF. The lease is Absolute NNN with the landlord having no responsibilities whatsoever. At the end of their current firm term, Tutor Time has 2-5YR Options, each with 10% rental increases. The lease is corporately guaranteed by Tutor Time Learning Systems, Inc, which operates as part of Learning Care Group, a nationally scaled early-childhood education platform with over 1,000 schools and childcare facilities. Tutor Time specifically has been operating in various forms since the 1980s, with continuous corporate presence nationally. Itasca is a well-established, family-oriented community with multiple public and private school locations directly within the village. The area benefits from low student-teacher ratios, above-average academic performance, and convenient access to nearby high schools, supporting consistent demand for early education and childcare services. The demographics surrounding this property are especially noteworthy with a population of 60,000 people and a daytime population of 120,000 within a 3-mile radius. Average household incomes hover at $123,000, making this location ideal for the higher tier services of Tutor Time. Priced at $2,965,000, and a 7.25% CAP rate, this is an opportunity to acquire a safe, stable, and passive net-leased asset, in a premier suburb of Chicago.

FOR SALE DETAILS

PRICE

$2,965,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute Net Tutor Time

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,171 SF

ZONING

B-2, Itasca

APN/PARCEL ID

03-05-201-056

ASK ABOUT THIS PROPERTY

Mitchell KivenMarcus & MillichapMore Info
312-624-7006

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Mitchell KivenMarcus & MillichapMore Info
312-624-7006

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