(3) Net Leased Investment (Goddard School Tenant) - South Elgin, IL

450 Briargate Drive
South Elgin, IL 60177

Status Sold
Property Type Shopping Center / Retail (Day Care Facility)
Building Size 8,000 SF
Price $1,825,000
Property Overview

* Sold *

A net leased investment opportunity in the real estate used by a Goddard School franchise. The Goddard Schools are accredited early childhood learning centers. The franchise continued its strong growth in 2009, adding 39 new locations across the U.S. and awarding the rights to another 17.

The South Elgin franchise maintains strong Full Time Equivalent standards and has potentially 14.5 years remaining on the modified NNN lease. Contact one our brokers for more information on any of our Goddard School investment opportunities, including lease structures and FTEs.

*** REAL ESTATE ONLY FOR SALE ***
General Listing Information
Acreage 1.0 acres
Building Size 8,000 SF
Building Class B
Property Use Investment
Built Yet Yes
Year Built 2004
# of Buildings 1
# of Units 1
# of Stories 1
Free Standing Yes
Utilities Available Cable, Electric, Gas, Water, Storm/Drain
Financial Overview
Asking Price $1,825,000
Terms Cash to Seller
Buyer Agent Commission 2.5%
Cap Rate 9.50%