The Learning Experience
West Chicago, IL
The Learning Experience®, with more than 300 centers operating or under development, is one of the nation’s fastest-growing Academies of Early Education for children ages six weeks to six years old. With a greater national emphasis on educational development during the most crucial years of a child’s growth, The Learning Experience places a prominent focus on programs that advance scholastic preparation.
- Tenant: The Learning Experience
- Location: 920 N Neltnor Blvd. West Chicago, IL 60185
- Property Type: Freestanding, Education
- Building Size: 10,000 Square Feet
- Purchase Price: $5,250,000
- Cap Rate: 6.00%
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
Office | 801.899.1943
- Lease Guarantor: The Learning Experience
- Initial Lease Term: 14 years + Options
- Rent Increases: 11% Every 5 Years
- Renewal Options: Two 5-year options