4110 Peterson AveChicago, IL 60646

Property Details for 4110 Peterson Ave

Year built

1965

Lot size

1.03 AC

Property size (Sq ft)

9,000 SF

Property type

Retail space

APN

13-03-228-022

APU

1303228022

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,982,448

  6.5%

  $3,676,106

  7%

  $3,413,527

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,954,070

  Geo Method

  $2,954,070

• Alternative Use

  Use

  Valuation

  Residential

  $3,100,933

  Hospitality

  $2,840,438

  Educational

  $2,363,211

  Medical

  $2,444,486

  Retail

  $3,676,106

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9911

Longitude

-87.7316

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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