For Sale
$1,990,000

790 Lake StGrayslake, IL 60030

Profitable Daycare, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
104
This exceptional investment opportunity presents a 7,800 square foot daycare center in Grayslake, Illinois, situated on a 1.039-acre lot. The property, built in 1995 and zoned for General Business, boasts a prime location with excellent visibility and accessibility. Currently occupied by a single, long-term tenant (since 1999) under a NNN lease expiring January 31, 2030, with one additional five-year option remaining. The lease generates a substantial $140,000 annual net income, resulting in a compelling 6.7% cap rate. The daycare center enjoys 100% occupancy and features ample parking (30 spaces). This turnkey investment is ideal for passive income seekers, offering a stable and high-performing asset in a thriving upscale neighborhood, just a two-minute drive from the Grayslake Metra station. The property's strong tenant history and favorable lease terms make it a highly attractive proposition. All offers will be considered.

Highlights

  • 7,800 SF daycare center on a 1.039-acre lot in Grayslake, IL.
  • General Business zoning, excellent visibility and accessibility.
  • NNN lease with a single, long-term tenant (since 1999) expiring January 31, 2030, plus one 5-year option.
  • $140,000 annual net income, 6.7% cap rate, 100% occupancy.
  • 30 parking spaces.

Property Details for 790 Lake St

Property type
Day care centers & nurseries, Other retail properties
Square Feet
7,800 SF
Year Built
1995
Lot Size (sq. ft)
45,259 SF

Location Insight

City
Grayslake
County
Lake
State
Illinois
Latitude
42.35683439
Longitude
-88.04371013
790 Lake St, Grayslake, Illinois

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790 Lake St
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