222 W Roosevelt Rd - Day Care Center FOR SALE


$6,910,000 USD
312-625-3120
222 W Roosevelt Rd, Wheaton, IL for Sale
$6,910,000 USD
Day Care Center - FOR SALE
1/3
null | 6.65% Cap Rate


HIGHLIGHTS

  • Brand-new 15-year absolute net lease with 2% annual rental increases
  • 2025 build-to-suit construction building with playground
  • Lease is guaranteed by KinderCare Learning Companies, Inc. (S&P: KLC), a publicly traded corporate school operator with significant financial backing
  • FY 2024 revenues of $2.663B, a 5.9% increase over the previous year
  • Hard corner signalized location with seamless ingress/egress at heavily trafficked intersection – 59,000+ combined VPD
  • Nearby national retailers driving traffic to the direct trade area include Target, Kohl’s, VASA Fitness, and Starbucks

OVERVIEW

A brand-new 15-year KinderCare lease featuring 2% annual rental increases throughout the base term and options. Subject property is ideally located in Wheaton – an affluent Chicago suburb boasting average household incomes of $171,000 within a 1-mile radius.

FOR SALE DETAILS

PRICE

$6,910,000 USD

PRICE/SF

$1,318 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KinderCare

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C

APN/PARCEL ID

05-21-103-037

ASK ABOUT THIS PROPERTY

Ben UdellCPP CRE ILLINOIS, LLCMore Info
312-625-3120

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Ben UdellCPP CRE ILLINOIS, LLCMore Info
312-625-3120

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