The Learning Experience

Wheeling, Illinois

NNN Pro Group is pleased to present the exclusive listing for The Learning Experience located at 343 W Dundee Road in Wheeling, Illinois. The site consists of roughly 10,000 rentable square feet of building space and 5,000 Square feet of playground on an estimated 0.45-acre parcel of land. This TLE is subject to a 15-year double-net (NN) lease, which commenced on October 1, 2019, and has over 11 years remaining on the lease. The tenant is responsible for the common area expenses not to except 105% of the previous year while the landlord is responsible for the roof and the structure of the property. The current annual rent is $315,000, however the rent is increasing on October 1, 2024, to $346,500. The lease is guaranteed by corporate with a maximum liability of $500,000 and this amount shall be reduced by $50,000 every year.
*The Seller shall credit the buyer the difference in monthly rent from closing to the October 1, 2024 rent increase.”

About the Investment:

✓ Long-Term, 15-Year Lease | Over 11 Years Remaining
✓ The Property is Adjacent to the One Wheeling Town Center Luxe Apartments and Across the Street From Uptown 500 | Benefiting From the Immediate Access to 622 Apartment Units
✓ The Lease Calls for 10% Rental Escalations Every Five Years | Strong Rent Growth
✓ Minimal Landlord Responsibilities Limited to the Roof and the Structure of the Recently Constructed Property
✓ Compelling Real Estate Fundamentals | 268,656 Residents Within Five Miles |Average Household Income of $135,272 | Located Less Than 23-miles from Chicago