Overview
Marcus & Millichap is proud to present the KinderCare Learning Centers day care property located at 2601 Quentin Ave., Schaumburg, IL. Since February 2003, the tenant has operated a day care center at this 10,042-square-foot building situated on a 64,424-square-foot parcel. The lease is structured as an ABSOLUTE NET LEASE, under which the tenant is responsible for all expenses, including real estate taxes, insurance, utilities, maintenance, and capital replacements such as the roof, HVAC, parking lot, lighting, and other capital needs. Following an initial 15-year lease term, the tenant exercised a 10-year extension to expire on February 28, 2028. Tenant further extended lease early, adding an additional 10-year extension through February 28, 2038, proving strong dedication to this location. The lease also includes two additional five-year renewal options, featuring CPI-based rent increases with a 10% maximum. The property is strategically located near major employers including Zurich North America’s corporate headquarters and Motorola Solutions Inc., both within two miles of the site. It also benefits from close proximity to Woodfield Mall, one of the largest shopping centers in the U.S. and Schaumburg’s single largest employer. Collectively, these three organizations rank among the top five employers in Schaumburg. Additionally, the property is adjacent to significant newer residential development, including The Quin, a recently constructed 373-unit luxury apartment community, along with numerous other multifamily complexes nearby. Positioned along a high-traffic corridor on East Algonquin Road and Palmer Drive, the property enjoys excellent visibility and accessibility. Located in affluent Schaumburg, Illinois, the area boasts and an average household income$144,327 per year - well above the national average.
