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2525 Sherman AveNorth Chicago, IL 60064
Step by Step Daycare
Asset ClassRetail
Deal Size$1.3 M
Cap Rate: 9%Retail SF: 7,490Access Data Room
NN Lease with 3% Annual Rent Increases | Dense Residential Area Location
overview of deal

Overview

Lot Size: 0.78 AC

Year Built: 2020

Remaining Lease Term: 4.25 Yrs

Lease Type: Double Net (NN)

Access the Data Room

Investment Highlights

  • 4+ years remaining on a single-tenant double net (NN) leased Step-by-Step Daycare in North Chicago, IL. The lease is set to expire in December of 2028 and includes 3% annual rent increases.
  • Step-by-Step can be accessed by Green Bay Rd, which sees over 12,900+ VPD and is proximate to the intersection of Green Bay Rd and Buckley Rd, which sees a combined 31,000+ VPD.
  • The daycare is located in a dense residential area, with 18,302 households within a 3-mile radius and 44,742 households within a 5-mile radius. The average household income within a 3-mile radius is $97,667, and $106,008 within a 5-mile radius.
  • North Chicago is home to Naval Station Great Lakes, the largest and only training facility for US Navy recruits. The facility supports over 50 tenant commands and over 20,000 recruits and civilians.
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2525 Sherman AveNorth Chicago, IL 60064
Naval Station Great Lakes (1.3 Miles from Subject Property)
Downtown Chicago (36.5 Miles)

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Steven Weinstock Broker of Record

License #: 471.011175

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Listing provided by Revere CRE