4110 Peterson Ave Chicago, IL 60646

Exceptional investment opportunity: a 9,212 square foot daycare center in Chicago, Illinois, currently operating under a strong franchise agreement. This net-lease property boasts a 7.50% cap rate and a substantial net operating income (NOI) of $368,400. The asking price is $4,912,000, translating to a price per square foot of $533. The property, built in 1978, is situated at 4110 W Peterson Ave, Chicago, IL 60646, within the Cook County area, a densely populated and affluent suburb less than 15 miles from downtown Chicago and under 10 miles from O'Hare International Airport. The current lease is an NN+ agreement with The Learning Experience, a rapidly expanding national franchise ranked highly among childcare providers. The lease term is eight years, including two five-year options, with a 2% annual rental increase. This provides long-term stability and predictable income growth. The tenant, an eight-unit franchise, is financially sound and committed to the location's continued operation. The childcare industry demonstrates significant growth potential, with the US market valued at $60.4 billion in 2022 and projected to expand further. Cook County's high average household income further strengthens the investment's appeal. This property offers a compelling combination of strong tenant occupancy, a favorable lease structure, and significant growth potential within a thriving market.