The Goddard School

301 Miller Drive, North Aurora, IL
Deal Type:
Net Lease
Price:
$3,257,000
Cap Rate:
7.00%
Current Rent:
$228,000
Lease Type:
DoubleNet
Lease Term:
12 years
Landlord Responsibilities:
Roof/Structure
Renewal Options:
1, 15-year
Building Sq. Ft.:
8,219 SF
Rent Increases:
See Rent Schedule
Site Size:
1.13 Acres

Investment Highlights

  • Long Term Historical Tenancy: The site has operated as a Goddard School since it was built in 2007, evidencing a profitable location for the franchise. Additionally, the education director and operations director have been at this location for 14 years and 11 years, respectively.
  • New 12 Year Lease: The tenant recently signed a new, 12-year lease with minimal landlord maintenance responsibilities, showing their commitment to the location and customer base.
  • High Quality Construction: The property is brick construction with a metal roof. The owner has invested significant CAPX dollars into the property since 2020.
  • New Multi Family Development: The school will benefit from 90+ multi-family units currently under development directly across the street.
  • Neighboring Tenants: Situated nearby to an Aldi anchored center at the corner of S Randall Rd and Oak St. Additionally, other retailers in the area include Super Wash Car Wash, Walgreens, and Pet Supplies Plus.
  • Convenient Access: Randall Rd. is the main north/south thoroughfare in the area, providing excellent access for local customers and more than 32,000 VPD.
  • Proximate to Local Schools: Located within a 5-minute drive from Jewel Middle School and Fearn Elementary School providing ease of transportation for families with multiple children.
  • Ideal Demographics: North Aurora is an affluent western Chicago suburb with an average household income of $123,000 within 1 mile.
  • Increased Demand: The Goddard School is a leading brand in childhood education. Since its inception in 1983, they have grown to have nearly 600 locations in 35 states and are growing due to increased demand.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]
Danny Karbowski Stream Capital Partners

Danny Karbowski

Associate
630 842 1127
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

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