2525 Sherman Ave, North Chicago, IL 60064

Exceptional investment opportunity: a 7,490 square foot, single-tenant, net-leased daycare center in North Chicago, Illinois. This property boasts a 9.00% cap rate, 4.1 years remaining on the lease, and 3% annual rent increases. Located at 2525 Sherman Ave, the daycare benefits from high visibility on Green Bay Rd (12,900+ VPD) and proximity to Buckley Rd (combined 31,000+ VPD). Built in 2020, the property sits on a 0.78-acre lot and enjoys 100% occupancy since March 31, 2022. The lease, commencing March 31, 2021, and expiring December 31, 2028, is with a franchisee tenant. The property's strong financial performance is reflected in its $120,529 NOI and $178.77 price per square foot. The surrounding area features a dense residential population, with over 18,302 households within a 3-mile radius and 44,742 within a 5-mile radius, boasting average household incomes exceeding $97,667 and $106,008 respectively. The strategic location near Naval Station Great Lakes, a significant economic driver for the region, further enhances the property's value and long-term prospects. This is a rare opportunity to acquire a stable, high-performing investment property in a thriving community.