1335 N Arlington Heights Rd
Itasca, IL 60143
Absolute Net Tutor Time · Commerce de détail Propriété À vendre

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a recently extended, single tenant net-leased Tutor Time located on
Arlington Heights Rd in Itasca, Illinois. Positioned in the middle of numerous dense residential neighborhoods, this property benefits from dense and affluent suburban
demographics.
Tutor Time recently extended their lease for 5-Years with minimal concessions at a reasonable rent of $20.50/SF. The lease is Absolute NNN with the landlord having
no responsibilities whatsoever. At the end of their current firm term, Tutor Time has 2-5YR Options, each with 10% rental increases.
The lease is corporately guaranteed by Tutor Time Learning Systems, Inc, which operates as part of Learning Care Group, a nationally scaled early-childhood education
platform with over 1,000 schools and childcare facilities. Tutor Time specifically has been operating in various forms since the 1980s, with continuous corporate presence
nationally.
Itasca is a well-established, family-oriented community with multiple public and private school locations directly within the village. The area benefits from low student-teacher
ratios, above-average academic performance, and convenient access to nearby high schools, supporting consistent demand for early education and childcare services.
The demographics surrounding this property are especially noteworthy with a population of 60,000 people and a daytime population of 120,000 within a 3-mile
radius. Average household incomes hover at $123,000, making this location ideal for the higher tier services of Tutor Time.
Priced at $2,965,000, and a 7.25% CAP rate, this is an opportunity to acquire a safe, stable, and passive net-leased asset, in a premier suburb of Chicago.