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1335 N Arlington Heights Rd
Itasca, IL 60143

$2,965,000 USD

Daycare Center For Sale  •  10,486 SF

Property Details

  • Property Type Daycare Center
  • Total Building Size 10,486 SF
  • Lot Size 0.99 AC
  • Building Class B
  • Year Built 2002
  • Cap Rate 7.25 %
  • Tenancy Single
  • Zoning B-2, Itasca
10 Transit Score
50 Walk Score

Highlights

Freshly renewed lease on a +5-Year Tutor Time location with zero landlord responsibilities
Lease is corporately guaranteed by Tutor Time Learning Systems, Inc
2-5YR options at the end of the firm term, each with 10% rental escalators
The property is well-sited for childcare, as well as multiple residual uses, given the strong retail fundamentals of the underlying real estate
Less than four miles west of O’Hare International Airport, the property is surrounded by numerous dense residential neighborhoods
Affluent demographics with 60,000 people and an average income of $123,000 within a 3-mile radius

Property Flyers

Cap Rate: 7.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Tutor Time

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Itasca Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 2.1 mi
Wood Dale Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 3.4 mi
AirportDriveWalkDistance
Chicago O'Hare International 18 min - 10.8 mi
Chicago Midway International 39 min - 27.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 42
Type: Surface
Included in Rent: Yes
Mitchell Kiven 312-624-7006 Marcus & Millichap
Mitchell Kiven 312-624-7006 Marcus & Millichap