Children of America Daycare Center
West Chicago, IL
With 60+ locations across fifteen states, Children of America (COA) provides children ages six weeks to twelve years old with learning adventures at an affordable price. COA offers a wide variety of programs to meet the needs of any schedule with part-time or full-time child care, or before/after school programs.
Property Information
- Tenant: Children of America
- Location: 920 N Neltnor Blvd. West Chicago, IL 60185
- Property Type: Freestanding, Education
- Building Size: 10,000 Square Feet
- Purchase Price: $5,292,000.00
- Cap Rate: 5.50%
West Chicago, IL
West Chicago is a diverse, family-oriented community with a rich cultural mix and proud heritage. It is the first Illinois community established by the railroads and continues to be a convenient transportation hub served by two major rail lines, one of Illinois’ busiest airports and three state highways.
About Tenant In Common
Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.
This Millcreek Commercial property has the following characteristics:
- Property is offered debt-free
- Long-term, corporate-guaranteed lease
- Satisfies IRS requirements for 1031 exchanges
Lease Information
- Lease Guarantor: World Wide Child Care Corp.
- Initial Lease Term: 15 years + Options
- Rent Increases: Varies (see lease abstract)
- Renewal Options: Two 5-year options
