The Boulder Group is pleased to exclusively market for sale
a single tenant net leased Rogy’s Learning Place located within the Chicago
MSA. The property is located in an affluent area near Interstate 88. Rogy’s is
a privately held childcare company with nineteen locations located throughout
Illinois and Ohio. There are over ten years remaining on the Rogy’s Learning
Place lease that expires on March 27, 2025. The
lease features multiple rental escalations throughout the primary term. The
lease is personally guaranteed by Richard and Dawn Rogy, the owners of Rogy’s
Learning Place. This specific location is one of the top performers of the 19
locations.
The 42,589 square foot
property is strategically located within an affluent area. The average
household income within a one mile radius of the property is in excess of
$96,000 annually. Additionally, there are approximately 70,000 people living
within a three mile radius of the property earning average household incomes in
excess of $86,000. The Rogy’s property is located just off of the signalized
intersection of Mitchell Road and Butterfield Road, which experiences traffic
counts in excess of 23,000 vehicles per day. The property is located less than
one and one half miles from Interstate 88 (Ronald Reagan Memorial Tollway),
which experiences traffic counts in excess of 96,000 vehicles per day. Fermilab,
a federal government-sponsored high-energy physics laboratory that employs
2,000 people is located in the immediate proximity to the property. The Rogy’s
Learning Place is located approximately one and one half miles from the Chicago
Premium Outlets, a 437,000 square foot development that features 120 retailers.
There are over ten
years ten years remaining on the Rogy’s Learning Place lease that features
multiple rental escalations throughout the primary term. The lease is
personally guaranteed by the owners of Rogy’s Learning Place. Rogy’s is a
privately held childcare company with nineteen locations in Illinois and Ohio.
http://www.bouldergroup.com/NNN-Properties-For-Sale.html
