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    OFF-MARKET
    Day care centers

    2345 Illinois Rte, Plainfield, IL 60586

    9,960 SF 1.03 ac lot Built 1999
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple interest in a 9,960-square-foot, single-tenant daycare facility in Plainfield, Illinois. The property, built in 1999 on a 1.03-acre lot, is a 1-story building with 32 parking spaces and boasts a 6.35% cap rate. The tenant, La Petite Academy, a leading childcare provider with over 450 locations, holds a corporate-guaranteed NNN lease with a remaining term of approximately 9 years, extending to November 30, 2033, with 2, 5-year lease options. The lease commenced July 30, 1998, and includes annual rent bumps of 1%. The current annual rent is $184,978, and the asking price is $3,209,637, resulting in a price per square foot of $322.25. Located at 2345 Illinois Rte 59, Plainfield, IL 60586, this strategically positioned property benefits from high traffic counts (over 54,000 vehicles daily) and is situated between several large suburban neighborhoods and employers. Plainfield's strong demographics, including a high median household income ($130,614) and its position within the top 3 MSA (Chicago), further enhance the investment's appeal. The property's NOI is $203,812, reflecting a stable and predictable income stream. The tenant's long-term commitment and the property's location in a rapidly growing area make this a compelling investment opportunity in a recession-resistant industry.

    Property profile
    Verified
    Property type Day care centers
    Year built 1999
    Total area 9,960 SF
    Lot 1.03 ac (44,867 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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