The Learning Experience

ADDISON, 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.

Property Information

  • Tenant:  The Learning Experience
  • Location: 890 S. Rohlwing Rd., Addison, IL
  • Property Type: Freestanding, Education
  • Building Size: 10,000 Square Feet
  • Purchase Price: $5,267,500
  • Cap Rate: 6.00%
Dollar General - Bethpage, Tennessee

Addison, IL

 
Addison is a village in DuPage County and a suburb of Chicago, located just 20 miles west of Chicago’s Central Business District. Inside the metro’s primary beltway, the Village offers incredible access with I-290 to the north, I-294 to the east and I-355 to the west, as well as immediate proximity—five miles—to Chicago’s world renowned O’Hare International Airport, the 6th busiest in the world.

 

 

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
Millcreek Commercial pleasant grove office building

Office | 801.899.1943

Lease Information

  • Lease Guarantor: The Learning Experience
  • Minimum Rent: $322,500
  • Initial Lease Term:  15 years 
  • Rent Increases: 11% Every 5 Years
  • Renewal Options: Two 5-year options
  • Corporate Guarantee: $750K Maximum