301 Black RdShorewood, IL 60404
7% Cap Rate, NNN Lease, Strong Tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- 7.00% cap rate, 10,000 SF school building in Shorewood, IL, leased to The Learning Experience.
- NNN lease with corporate guarantee, 10-year remaining term (15.2-year initial term with 2 x 5-year options), 11% rent bumps every 5 years.
- $5,113,928 asking price, $511.39/SF, 100% occupancy, $357,975 annual NOI.
- Located on a 1.55-acre lot in a prime retail corridor, surrounded by affluent neighborhoods and major employers.
- Strong demographics: high household incomes within a 3-5 mile radius, and over $117 million in annual consumer spending on education within a 5-mile radius.
- The Learning Experience is a rapidly growing national brand with 450+ locations.
Property Details for 301 Black Rd
- Property type
- Other specialty properties, Schools
- Square Feet
- 10,000 SF
- Year Built
- 2019
- Lot Size (sq. ft)
- 67,518 SF
Location Insight
- City
- Shorewood
- County
- Will
- State
- Illinois
- Latitude
- 41.5355728
- Longitude
- -88.2035335
Nearby Similar for Sale
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