Kiddie Academy

1117 Garfield Street, Oak Park, IL 60304

$6,735,000

Cap Rate 7.00%

Views: 291 DOM: 66 Updated: 08.09.24 Posted: 07.03.24 Status: Active

Summary

Price $6,735,000	Built/Renov 2024	Tenant Kiddie Academy
Cap Rate 7.00%	Lease Type NN+	Guarantor Franchisee
Size/SF 13,098	Lease Start 08-01-2024	#Units 339
Price/SF $514.20	Expiration 07-31-2044	Tenant Type Daycare/Education
NOI $471,528	R. Term 19.11	Ownership Fee Simple
Rent/SF $36.00	Increases 2.0%/3/yrs	Pop 5Mi 755,345
Lot/AC 0.89	Options 3/5yrs/2%	AHHI 5Mi $84,072

Lease Highlights

Brand new 2024 construction
New 20-year lease with 3 (5-year) options to extend
The lease features 2% annual rental escalations throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Franchisee guaranteed lease

Location Description

Kiddie Academy is strategically located on Garfield Street, with access to 18,000 vehicles passing by daily. The property is situated next to I-290 (186,500 VPD), which connects the property to downtown Chicago. The immediate area is surrounded by well-known national tenants including Aldi, Advance Auto Parts, Amazon Warehouse, CVS Pharmacy, and more. Key educational institutions in proximity...

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Key Features

New construction
Build to suit
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Favorable NN+ lease
Personal guarantee

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Links

Kiddie Academy Wikipedia Kiddie Academy Wikipedia Oak Park, Illinois Zip Code 60304 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Kiddie Academy
Guarantor:Franchisee
Company:Kiddie Academy
# Units:339
Stock:Private

About Tenant

Kiddie Academy Educational Child Care is one of the leading childcare franchise providers in the United States. Kiddie Academy is a nationally recognized provider of comprehensive educational...

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Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

142 Listings
11544 Views
62 Sold

Bill Asher

Hanley Investment Group

Contact

142 Listings
11821 Views
60 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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