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The Learning Experience | Double Net (NN) Lease

$4,414,000

1023 North Randall Road, Elgin, IL 60123

Active
Last Updated: 08/05/2021

7.25

Cap Rate

320,000

NOI

Details:
Cap Rate:    7.25%
NOI:    $320,000
Building Size:    10,000 sqft
Lot Area:    2.13 acres
Year Built:    2020
Price Per Sqft:    $441.40
Roof and Structure:    Landlord’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs and Maintenance:    Tenant’s Responsibility
Highlights:
  • Long-Term 15 Year Investment Opportunity
  • Corporate Guarantee From The Learning Experience
  • The Learning Experience Started in 1980 With One Location and Has Since Grown to 300 Locations; The Foundation For the Centers is Built on Three Key Educational and Care Principles: Cognitive, Physical, and Social; or As They Say at TLE®, Learn, Play and Grow!
  • Strategically Located on N Randall Road Which Sees a Traffic Count of Over 52,700 VPD
  • Affluent Neighborhood With a Population of 63,369 Residents Making an Above Average Household Income of $96,116 Within a 3-Mile Radius
  • Population Jumps to Over 159,760 Within a 5-Mile Radius and is Expected to Increase in the Next 5 Years
  • Nearby Feeder Elementary Schools Are: Creekside, Century Oaks, Highland, Channing Memorial and Hillcrest Elementary Schools
  • Nearby Pediatric Medical Offices and Hospital Are: Associates In Pediatrics, Kids First Pediatric Dentistry and Advocate Sherman Hospital
  • Elgin is the 8th Largest City in Illinois and Home to the Grand Victoria Casino Riverboat Which Draws in 4 Million People Annually and is the 5th Most Popular Attraction in Illinois
  • Chicago, Lake Michigan and the O’Hare International Airport are Just a Short 40-Miles Away
  • Nearby Tenants Include: Home Depot, Dollar Tree, McDonald’s, Popeyes, Walgreens, Taco Bell, AutoZone, Speedway, Dollar General and More
  • Developer to Provide Two Years Construction Warranty Post Close as Additional Assurance to the Construction of the Property
Description:

We Are Pleased to Present Exclusively For Sale The Learning Experience at 1023 Randall Road in Elgin, Illinois. This Deal Includes a Long-Term 15 Year Investment Opportunity With a Corporate Guarantee, Providing For a Secure Investment.





IN COOPERATION WITH: LATITUDE COMMERCIAL REALTY, INC. IL Lic. # 478027290
2342 Cline Avenue Schererville, IN 46375

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