KinderCare – New Lenox, IL

KinderCare
507 E Illinois Hwy, New Lenox, IL 60451, USA

Sands Investment Group is pleased to exclusively offer for sale an 8,800 SF KinderCare NNN Asset 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 low maintenance investment opportunity with a strong national tenant in place.

  • KinderCare is the largest provider of early education and child care, operating more than 2,300 centers nationwide.
  • 10-year Triple Net (NNN) Lease with limited landlord responsibilities.
  • 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.
  • Average household Income of $150,022 and a population of 80,450 residents within a 5-mile radius.
  • 13 elementary feeder schools within a 5-mile radius.
  • Directly across Illinois Hwy is a 23-acre residential development planned for 200+ homes.
  • 5 miles from Wintrust Crossroads Sports Complex, a $70M project spanning 100 acres and 500 homes east of I-355.

 

In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429

KinderCare
507 E Illinois Hwy, New Lenox, IL 60451, USA

KINDERCARE

KinderCare Learning Companies is one of America’s largest providers of early childhood and school-age education and childcare. KinderCare supports hardworking families with differentiated flexible childcare solutions to meet today’s dynamic work environment in 40 states and the District of Columbia: In neighborhoods, with KinderCare Learning Centers that offer early childhood education and childcare for children six weeks to 12 years old; At work, through KinderCare Education at Work, providing customized family benefits for employers across the country, including on-site and near-site early learning centers and back up care for last-minute childcare, and In local schools, with Champions® before and after-school programs. Headquartered in Portland, Oregon, KinderCare operates more than 2,300 early learning centers and sites.

Price

$810,742

Cap Rate

7.00%

PREMISES

8,800 SF

RENEWAL OPTIONS

3 x 5 Year Options

Lease Expiration

05/31/2035

Lease Type

NNN

RENTAL INCREASES

7% Every 5 Years; CPI Every Option With 10% Max Increase

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