105 Roman RdHawthorn Woods, IL 60047

For Sale
$4,669,000

Hawthorn Woods, IL daycare investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of a 10,500-square-foot Kiddie Academy daycare center in Hawthorn Woods, Illinois, a highly affluent Chicago suburb. Built in 2020, this property boasts a 15-year net lease with a prominent franchisee, Kiddie Academy, ensuring minimal landlord responsibilities. The lease commenced October 1, 2020, and expires September 30, 2035, leaving a substantial 10.9 years remaining. The lease includes attractive 2.00% annual rent increases, providing consistent income growth. Furthermore, the tenant holds three, five-year renewal options, extending the potential investment horizon significantly. The property sits on a 1.18-acre lot and currently generates a strong net operating income (NOI) of $345,423, representing a 7.40% cap rate on the $4,669,000 asking price. The 100% occupancy rate underscores the high demand for childcare in this area, which boasts an average household income exceeding $186,000 within a one-mile radius. Located 40 miles northwest of Chicago's Loop, this property benefits from its proximity to a major metropolitan area while maintaining a desirable suburban setting. The location is further enhanced by its access to numerous parks and recreational facilities, including an Arnold Palmer-designed golf course. This is a rare opportunity to acquire a stable, high-performing investment in a thriving market with significant long-term growth potential.

Highlights

  • $4,669,000 asking price for a 10,500 SF net-leased Kiddie Academy daycare center.
  • 10.9 years remaining on a 15-year lease with 2% annual rent increases and three, five-year renewal options.
  • 7.40% cap rate based on a $345,423 Net Operating Income (NOI).
  • Located in Hawthorn Woods, IL (Chicago MSA) in a high-income area with strong demand for childcare.
  • Fee simple ownership of a 2020-built, 1.18-acre property with 100% occupancy.

Property Details for 105 Roman Rd

Property type
Day care centers & nurseries, Other retail properties
Square Feet
10,500 SF
Year Built
2020
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Hawthorn Woods
County
Lake
State
Illinois
Latitude
42.1996787
Longitude
-88.0569447
105 Roman Rd, Hawthorn Woods, Illinois

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105 Roman Rd
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