Tutor Time NNN
For Sale
Contact for pricing
1335 N Arlington Heights Rd, Itasca, IL 60143
Single-tenant childcare facility with an absolute NNN lease and corporate guarantee.
Property Size10,486 SF
Price / SF$282.76
Days on Market152
Property Features for 1335 N Arlington Heights Rd
General Information
Standard status
Active
Size
10,486 SF
Class
B
Property subtype
Retail
Zoning
B-2
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$214,963
Financials
Asking Price
$2,965,000
Cap Rate
7.25%
Building Details
Year Built
2002
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 624-7006
Listed By:
Coulter Greenwell · License #475.207174
Source:
Crexi
Added: Apr 2
Changed: Aug 30
Last Checked: Aug 30 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
The fee-simple interest in a 10,486-square-foot, single-tenant NNN property at 1335 N Arlington Heights Rd is available for acquisition. Built in 2002, the facility is occupied by Tutor Time and operates under an absolute NNN lease, placing no landlord responsibilities on the owner. The tenant has completed a 5-Years lease extension, followed by 2-5YR renewal options with 10% rental increases. The lease is corporately guaranteed by Tutor Time Learning Systems, Inc.
The property is located in Itasca, Illinois, within an area described as surrounded by dense residential neighborhoods and supported by public and private schools. The surrounding 3-mile radius includes a population of 60,000 and a daytime population of 120,000, with average household incomes of $123,000. B-2 zoning is also identified for the property.
The property is located in Itasca, Illinois, within an area described as surrounded by dense residential neighborhoods and supported by public and private schools. The surrounding 3-mile radius includes a population of 60,000 and a daytime population of 120,000, with average household incomes of $123,000. B-2 zoning is also identified for the property.
Key Highlights
- 10,486 SF single‑tenant NNN property
- Absolute NNN lease with no landlord responsibilities
- 5‑Years lease extension in place
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 60143, IL
11,214
Population
4,879
Households
2.3
Avg Household Size
42
Median Age
48%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
1,602
Density / Sq Mi
$112,247
Median Household Income
$61,706
Median Earnings
$1,775
Median Rent
$386,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant childcare facility with an absolute NNN lease and corporate guarantee.
Where is this nnn property located?
The property is located at 1335 N Arlington Heights Rd Itasca, IL.
What is the asking price?
The asking price for this property is $2,965,000.
What are key features of this property?
This property features: 10,486 SF single‑tenant NNN property; Absolute NNN lease with no landlord responsibilities; 5‑Years lease extension in place
