301 W Black Rd Shorewood, IL

This property is fully leased to The Learning Experience, operating under a triple net (NNN) lease agreement where the landlord is responsible for roof and structure. The Learning Experience started in 1980 with 1 center and has since grown to over 450 locations that are open or under development. Rental increases are set at 11% every 5 years. Situated on a 1.55-acre lot, the property is located between suburban neighborhoods and key employers. The surrounding area demonstrates strong economic indicators, with an annual household income exceeding $122,231 in Will County and $130,000 within a 3-mile radius. Consumer spending on education and daycare totals over $117 million annually within a 5-mile radius. The property benefits from its proximity to established retailers such as Home Depot, O’Reilly Auto Parts, Marshalls, Walmart, CVS, and Target, along with various dining options including Wendy’s, McDonald’s, Which Wich, Taco Bell, and Jimmy John’s. There are more than 10 feeder elementary schools within a 5-mile radius. The childcare and early education industry is projected to grow at an annual rate of 5.0% over the next five years due to the rising population of young children as well as the societal shift that has sent more parents into the workforce. The building has a property size of 10000 square feet.