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50 Mitchell Rd
North Aurora, IL 60542 North Aurora

$4,562,927 USD

Daycare Center For Sale  •  11,783 SF

Property Details

• Property Type Daycare Center
• Total Building Size 11,783 SF
• Lot Size 0.98 AC
• Building Class B
• Year Built 2005
• Cap Rate 6.50 %
• Tenancy Single

0 Transit Score

23 Walk Score

Highlights

Cadence Education is one of the largest private childcare providers in the United States, with 30+ years of operating history.

North Aurora, a suburb of Chicago, is a 35-minute drive from both Chicago O'Hare International Airport (ORD) and Chicago Midway International Airport.

~15 years remaining on the lease with favorable 2% annual rent escalators.

Average household income of $124,167 and a population of 173,941 residents within a 5-mile radius.

14 elementary feeder schools within a 5-mile radius.

1 mile from the Riverfront Park, an area undergoing a $3M revitalization to support future tourism, community, residential, and commercial growth.

Cap Rate:

6.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Cadence Academy	11,783 SF	9/30/2040

Public Transportation

Commuter Rail	Drive	Walk	Distance
Aurora Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra))	11 min	-	5.0 mi
Geneva Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra))	14 min	-	6.9 mi
Airport	Drive	Walk	Distance
Chicago Midway International	51 min	-	34.4 mi
Chicago O'Hare International	51 min	-	35.3 mi