NET LEASED INVESTMENT OFFERING

La Petite Academy
2345 South Route 59
Plainfield, Illinois 60544 (Chicago MSA)

www.boulde...
TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING

TABLE OF CONTENTS

1)	

Confidentiality & Disclaimer

2)	

Executive Sum...
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING

CONFIDENTIALITY & DISCLAIMER
The information contained in th...
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING

EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for...
PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING

PROPERTY OVERVIEW
Price:

$2,457,000

Current Cap Rate:

8.21%

November...
AERIAL
NET LEASED INVESTMENT OFFERING

N

AERIAL

ROUTE 59
23,900 VPD
CATON FARM ROAD
26,800 VPD

www.bouldergroup.com
SITE PLAN
NET LEASED INVESTMENT OFFERING

SITE PLAN

N

CATON FARM ROAD

BP
GAS
DISPENSERS

www.bouldergroup.com

ROUTE 59...
MAPS
NET LEASED INVESTMENT OFFERING

MAPS

www.bouldergroup.com
TENANT PROFILE
NET LEASED INVESTMENT OFFERING

TENANT PROFILE
La Petite Academy was established in 1968 as a pioneer in ed...
DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING

DEMOGRAPHIC COMPARISON REPORT

Population

1-mi

3-mi

5-mi
...
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING

LOCATION OVERVIEW
Plainfield is the fastest growing village in Will Coun...
CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING

CONTACT INFORMATION

666 Dundee Road, Suite 1801
Northbrook, IL 60062
...
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Net Leased Property for Sale in the Chicago MSA

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Net Leased Property for Sale in the Chicago MSA

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Net Leased Property for Sale in the Chicago MSA

  1. 1. NET LEASED INVESTMENT OFFERING La Petite Academy 2345 South Route 59 Plainfield, Illinois 60544 (Chicago MSA) www.bouldergroup.com
  2. 2. TABLE OF CONTENTS NET LEASED INVESTMENT OFFERING TABLE OF CONTENTS 1) Confidentiality & Disclaimer 2) Executive Summary 3) Property Overview 4) Aerial 5) Site Plan 6) Maps 7) Tenant Profile 8) Demographic Comparison Report 9) Location Overview 10) Contact Information www.bouldergroup.com
  3. 3. CONFIDENTITALITY & DISCLAIMER NET LEASED INVESTMENT OFFERING CONFIDENTIALITY & DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. www.bouldergroup.com
  4. 4. EXECUTIVE SUMMARY NET LEASED INVESTMENT OFFERING EXECUTIVE SUMMARY The Boulder Group is pleased to exclusively market for sale a single tenant La Petite Academy property located within the Chicago MSA. The 9,960 square foot building was constructed in 1999 and is located in Plainfield, Illinois, a community with 22% more children under the age of five than the national average. The corporately guaranteed lease has six years remaining and features a 9% rental escalation in November 2014. There are two 5-year renewal option periods with 9% rental escalations in each. La Petite Academy is a privately owned company with over 500 locations in 34 states and the District of Columbia. La Petite Academy is part of the Learning Care Group. They are one of the largest providers of early childcare in the world and have over 900 locations nationwide. The subject property is located southwest of the signalized intersection of State Highway 59 and Caton Farm Road. State Highway 59 and Caton Farm Road are two primary thoroughfares in the Plainfield community with traffic counts in excess of 24,000 and 26,500 respectively. Interstate 55, which has traffic volumes in excess of 75,000 vehicles per day, is located approximately one mile east of the property. The property is located approximately 40 miles southwest from downtown Chicago and there are over 165,000 people living within five miles of the property. The area is home to many young families and 7.8% of the population living within five miles is under the age of five. This is significantly higher than the US average of 6.4%. Additionally, 16.8% of the population living within three miles of the subject property is under the age of nine. The property is located within a major retail corridor with many national and local tenants in the immediate vicinity. The property shares access with a Walgreens and Aldi. Other notable retailers in the immediate area include Kohl’s, Jewel Osco, McDonald’s, BMO Harris Bank, Ace Hardware, PNC Bank, and Panera. La Petite Academy’s original, corporately guaranteed, net lease is for twenty years and expires in November 2019. There is a 9% rental escalation in November 2014 and in each of the two 5-year renewal option periods. La Petite Academy is a privately held company with over 500 locations nationwide and is part of the Learning Care Group. The Learning Care Group is the second-largest for-profit child care provider in North America. INVESTMENT HIGHLIGHTS • Located within the Chicago MSA • 9% rental escalation in November 2014 (8.95% cap rate) and in each of the renewal option periods • Zero landlord responsibilities • Located at the intersection of two primary thoroughfares with combined traffic counts in excess of 50,000 VPD • Located in an area populated with 22% more children under the age of five than the national average • Tenant is part of the 2nd largest for-profit child care company in North America • Located within a dense retail corridor with many national tenants such as Kohl’s, Jewel Osco, Walgreens, Aldi, McDonald’s, BMO Harris Bank, Ace Hardware, & PNC Bank www.bouldergroup.com
  5. 5. PROPERTY OVERVIEW NET LEASED INVESTMENT OFFERING PROPERTY OVERVIEW Price: $2,457,000 Current Cap Rate: 8.21% November 2014 Cap Rate: 8.95% Rent Schedule: NOI $201,813 $219,975 $239,773 $261,352 Escalation Date 11/9/2014 11/9/2019 (Option 1) 11/9/2024 (Option 2) Renewal Options: Two 5-Year Lease Commencement Date: November 9, 1999 Lease Expiration Date: November 8, 2019 Tenant: La Petite Academy (Corporate) Year Built: 1999 Lease Type: NNN Building Size: 9,960 SF Land Size: 44,867 SF www.bouldergroup.com
  6. 6. AERIAL NET LEASED INVESTMENT OFFERING N AERIAL ROUTE 59 23,900 VPD CATON FARM ROAD 26,800 VPD www.bouldergroup.com
  7. 7. SITE PLAN NET LEASED INVESTMENT OFFERING SITE PLAN N CATON FARM ROAD BP GAS DISPENSERS www.bouldergroup.com ROUTE 59 STRIP CENTER
  8. 8. MAPS NET LEASED INVESTMENT OFFERING MAPS www.bouldergroup.com
  9. 9. TENANT PROFILE NET LEASED INVESTMENT OFFERING TENANT PROFILE La Petite Academy was established in 1968 as a pioneer in education-based day care, setting the standard for early childhood education. Today, La Petite Academy operates over 500 schools nationwide in 34 states and the District of Columbia. They offer a range of educational and care programs for children of all ages — from infants to school-age children who come to the Academy before and after school. Headquartered in Novi, Michigan, each of their schools is licensed by the state where it operates. Each adheres to the highest standards of safety, security, cleanliness, teaching and loving care. The Learning Care Group, Inc. is the second-largest for-profit child care provider in North America. In total, Learning Care Group operates more than 900 corporate and franchise schools across the country and world. They have the capacity to serve more than 100,000 children between the ages of six weeks and 13 years old. Additionally, they employ over 17,000 directors and teachers. Childtime Learning Centers, Tutor Time Child Care, The Children’s Courtyard, Montessori Unlimited, and La Petite Academy make up the Learning Care Group’s family of brands. Website: Number of La Petite Academy Locations: Headquarters: Parent Company: Number of Learning Care Group Locations: www.lapetite.com 500+ Novi, MI Learning Care Group, Inc. 900+ www.bouldergroup.com
  10. 10. DEMOGRAPHIC COMPARISON REPORT NET LEASED INVESTMENT OFFERING DEMOGRAPHIC COMPARISON REPORT Population 1-mi 3-mi 5-mi Total Population Total Households 9,189 2,827 74,138 23,349 165,795 55,631 $88,856 $95,628 $81,057 $90,514 $73,250 $84,586 Income Median Household Income Average Household Income www.bouldergroup.com
  11. 11. LOCATION OVERVIEW NET LEASED INVESTMENT OFFERING LOCATION OVERVIEW Plainfield is the fastest growing village in Will County, Illinois with a 2012 US Census estimated population of 40,466. Based on estimates created by the village and state governments, Plainfield’s population is expected to continue to grow and could exceed 62,000 by 2030. Plainfield is home to many young families as evidenced by the 16.8% of the population living within 3 miles of the La Petite Academy property being under the age of 9. Interstate 55 travels through Plainfield as well as US Highway 30 and Route 59. www.plainfield-il.org Chicago is the most populous city in the Midwestern United States and the third most populous city in the United States with 2,700,000 residents. Chicago is the county seat of Cook County, the second largest county in the United States. The Chicago MSA is the third most populated metropolitan area in the United States with 9,580,567 residents. The MSA covers over 1,300 square miles and six counties. The Chicago metropolitan area is home to the corporate headquarters of 57 Fortune 1000 companies, including Boeing, McDonald’s, Motorola, Discover Financial Services and United Airlines. Chicago is a major hub for industry, telecommunications and infrastructure and O’Hare International Airport is the second busiest airport in the world in terms of traffic movement. The metro is also a major financial center in North America, and is home to the largest futures exchange in the United States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the competitiveness of financial centers based on people, business environment, market access, infrastructure and general competitiveness. www.cityofchicago.org www.bouldergroup.com
  12. 12. CONTACT INFORMATION NET LEASED INVESTMENT OFFERING CONTACT INFORMATION 666 Dundee Road, Suite 1801 Northbrook, IL 60062 Randy Blankstein President 847.562.0003 rblank@bouldergroup.com Jimmy Goodman Partner 847.562.8500 jimmy@bouldergroup.com www.bouldergroup.com

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