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2640 Ashwin BlvdRockford, IL 61114
Open Arms Childcare Center
Asset ClassRetail
Deal Size$1.7 M
Cap Rate: 8.5%Retail SF: 7,574Year Built: 2020Access Data Room
7.5+ Years Remaining | 2% Annual Increases | Chicago MSA
overview of deal

Overview

  • 7.50+ years remaining on a single-tenant net-leased Open Arms Learning Center. The lease is currently set to expire on 4/30/2032 and includes 2% annual increases. In addition, the tenant has two five-year extension options at fair market value.
  • The subject property is ideally located for a childcare operator with over 18,947 households within a three-mile radius.
  • Open Arms has been operating within the greater Rockford area since 2001. The operator relocated their practice to the subject property in 2020.
  • The city of Rockford is equidistant to Chicago, Illinois and Milwaukee, Wisconsin, both popular destinations. Rockford is the fourth largest city in the state and has a current population of 147,684.

 

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2640 Ashwin BlvdRockford, IL 61114
Downtown Rockford (7 Miles from Subject Property)
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Listing provided by Revere CRE