2325 Royal Blvd Elgin, IL 60123-4716

Property Details for 2325 Royal Blvd

Year built

1996

Lot size

2.41 lot acres

Property size

18,352 SF

Property type

Commercial real estate

APN

06-09-152-002

APU

609152002

Description

This exceptional investment opportunity presents a fee-simple ownership of "The Learning Tree," a 19,819-square-foot early childhood education facility located at 2325 Royal Blvd, Elgin, IL 60123. The property sits on a 2.28-acre lot and was built in 1996. Currently operating at 100% occupancy, the school benefits from a long-term, 20-year absolute triple-net (NNN) lease, with approximately 15.1 years remaining. The lease commenced on December 31, 2019, and expires on December 31, 2039, including two five-year tenant renewal options. Annual rent increases are tied to the lesser of CPI or 2%. The tenant, a premier early childhood education provider with over 120 locations and significant growth plans, provides a strong corporate guaranty. The property boasts a Net Operating Income (NOI) of $278,885, resulting in a compelling 7.00% capitalization rate and a price per square foot of $201.02. The asking price for this exceptional investment is $3,984,071. The childcare market demonstrates robust growth, with a current valuation of $65.1 billion and projected growth of nearly 4% annually through 2027. This property offers a secure, high-yield investment in a rapidly expanding sector.

Location Insight

City

Elgin

County

Kane

State

Illinois

Longitude

-88.3332

Latitude

42.0514

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments