105 Roman Rd Hawthorn Woods, IL 60047
- Day care centers
- 10,500 SF
- 1.18 lot acres
Current Use by Public Records
- Day care centers
Property Details for 105 Roman Rd
- Year built
- 2020
- Lot size
- 1.18 lot acres
- Property size
- 10,500 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,500-square-foot Kiddie Academy daycare center in Hawthorn Woods, Illinois, a highly affluent Chicago suburb. Built in 2020, this property boasts a 15-year net lease with a prominent franchisee, Kiddie Academy, ensuring minimal landlord responsibilities. The lease commenced October 1, 2020, and expires September 30, 2035, leaving a substantial 10.9 years remaining. The lease includes attractive 2.00% annual rent increases, providing consistent income growth. Furthermore, the tenant holds three, five-year renewal options, extending the potential investment horizon significantly. The property sits on a 1.18-acre lot and currently generates a strong net operating income (NOI) of $345,423, representing a 7.40% cap rate on the $4,669,000 asking price. The 100% occupancy rate underscores the high demand for childcare in this area, which boasts an average household income exceeding $186,000 within a one-mile radius. Located 40 miles northwest of Chicago's Loop, this property benefits from its proximity to a major metropolitan area while maintaining a desirable suburban setting. The location is further enhanced by its access to numerous parks and recreational facilities, including an Arnold Palmer-designed golf course. This is a rare opportunity to acquire a stable, high-performing investment in a thriving market with significant long-term growth potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hawthorn Woods
- County
- Lake
- State
- Illinois
- Longitude
- -88.0569
- Latitude
- 42.1997
