New Construction 2020 Build-to-Suit with 2.00% Annual Increases
– Kiddie Academy signed a new 15-year lease at the subject property in 2020.
– The lease has no day-to-day landlord responsibilities and offers 2.00% annual increases in rent.
– In addition to the 15-year base lease term, the tenant has three, five-year options to renew with the same rent increase structure annually.
Extremely Affluent Northern Suburb of Chicago ($186,000+ AHHI in 1-Mile)
– Consumer Spending on Education in a 5-Mile Radius Exceeds $154,000,000/Year
– Located 40 miles northwest of Chicago’s Loop, the village has ample space to enjoy the great outdoors.
– In addition to its natural resources, Hawthorn Woods works to preserve its estate lifestyle with homes set on lots that are at least one acre.
– The village has 10 community and neighborhood park areas with playgrounds, tennis courts, baseball and soccer fields, and picnic facilities. Avid golfers enjoy the Arnold Palmer-designed
18-hole golf course at Hawthorn Woods Country Club.
Chicago MSA – 3rd Largest Metro in the U.S.
– Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern
Illinois and extends into Wisconsin and Indiana.
– The metro houses 9.6 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents.
Demand For Child Care Remains Extremely Strong
– The U.S. child care market size was valued at USD 60.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.18% from 2023 to 2030.
– The key factor driving the growth is the rising demand for early daycare & education services with more parents returning to working in offices, the rising number of single & working mothers, advancements in learning technologies for children, and the accessibility of government funding.
– The expenditure on daycare in the U.S. is very high. As per the cost of care survey facilitated by the U.S. Department of Health and Human Services, the expenditure on these services reached up to 7% of the household income in 2021.
– Families in the U.S. are willing to spend more on child care services, indicating the high service demand in the U.S.
