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Net Leased Childcare in a Wealthy Suburb 3090 W Main St 11,959 SF Retail Building St Charles, IL 60175 $8,511,284 CAD ($711.71 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Long-term net leased Everbrook Academy with minimal landlord responsibilities
- 3-5YR options at the end of the firm term, each with 10% rental escalators
- Affluent demographics with 102,000 people and an average income of $170,000 within a 5-mile radius
- Impending 11% rent bump coming in approximately 2 years, in August of 2028, pushing your CAP rate to 8.32% at the asking price
- Corporate Guarantee from the Learning Care Group (B- rated by S&P)
- Less than a mile west of downtown Saint Charles | Daytime population of 45,000 people within a 3-mile radius
Executive Summary
Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a long-term, single tenant net-leased Everbrook Academy located on W Main St in Saint Charles, Illinois. Positioned just west of downtown Saint Charles, this property benefits from consistent traffic and affluent neighborhood demographics.
Everbrook Academy has 7.5 years remaining on an original 15-Year NN lease, with the landlord solely responsible for the roof and major structural repairs. With a pending 11% rental increase in August of 2028, this opportunity has immediate rental upside. In approximately 2 years, the in-place CAP rate jumps to 8.32% and is pushed further by the 10% rental increases in each of their three remaining 5-Year options.
The lease is corporately guaranteed by Learning Care Group, which is one of the largest providers of early childhood education and childcare, operating over 1,100 schools across 40 states. As one of the more premium brands, Everbrook Academy offers a STEAM-focused, handson learning experience for infants through preschool-aged children,
emphasizing creativity, critical thinking, and individualized development in modern, interactive classrooms.
The demographics surrounding this property are especially noteworthy with a population of over 100,000 people and a daytime population of 112,000 within a 5-mile radius. Average household incomes hover at $170,000, making this location ideal for the higher tier services of Everbrook Academy.
Priced at $6,280,000, and a 7.50% CAP rate, this is an opportunity to acquire a long-term passive net leased asset with near-term upside, in a premier suburb of Chicago.
Everbrook Academy has 7.5 years remaining on an original 15-Year NN lease, with the landlord solely responsible for the roof and major structural repairs. With a pending 11% rental increase in August of 2028, this opportunity has immediate rental upside. In approximately 2 years, the in-place CAP rate jumps to 8.32% and is pushed further by the 10% rental increases in each of their three remaining 5-Year options.
The lease is corporately guaranteed by Learning Care Group, which is one of the largest providers of early childhood education and childcare, operating over 1,100 schools across 40 states. As one of the more premium brands, Everbrook Academy offers a STEAM-focused, handson learning experience for infants through preschool-aged children,
emphasizing creativity, critical thinking, and individualized development in modern, interactive classrooms.
The demographics surrounding this property are especially noteworthy with a population of over 100,000 people and a daytime population of 112,000 within a 5-mile radius. Average household incomes hover at $170,000, making this location ideal for the higher tier services of Everbrook Academy.
Priced at $6,280,000, and a 7.50% CAP rate, this is an opportunity to acquire a long-term passive net leased asset with near-term upside, in a premier suburb of Chicago.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
11,959 SF
Building Class
B
Year Built
2018
Price
$8,511,284 CAD
Price Per SF
$711.71 CAD
Cap Rate
7.50%
NOI
$638,246 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.58 AC
Zoning
PL - Public Land District
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Educational Services
- 11,959 SF
- -
- Double Net
- Aug 2033
Everbrook Academy schools offer an engaging, nurturing environment for every child, during the most critical early years, starting in infancy. By adhering to extremely high standards, they help mold inquisitive, confident children, who are socially, physically, and academically prepared for school. They provide a foundation to ensure children are prepared to navigate a changing world and their approach to early education ensures that they thrive and develop the necessary skills to embark on their future.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Educational Services | 11,959 SF | - | Double Net | Aug 2033 |
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-29-331-002 | Improvements Assessment | $973,814 CAD |
| Land Assessment | $243,872 CAD | Total Assessment | $1,217,686 CAD |
Property Taxes
Parcel Number
09-29-331-002
Land Assessment
$243,872 CAD
Improvements Assessment
$973,814 CAD
Total Assessment
$1,217,686 CAD
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Net Leased Childcare in a Wealthy Suburb | 3090 W Main St
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