Marcus & Millichap announced the sale of Children of America, a net-leased child care property located in Montgomery, Illinois. The asset sold for $3,425,000.
Sean Sharko and Austin Weisenbeck had the exclusive listing to market the property on behalf of the seller, a Chicagoland-based developer.
Children of America, an established and expanding national tenant, is located at 2141 Orchard Road in Montgomery, Illinois, situated across the street from a Walmart Supercenter and many other retailers. Located less than one mile from an industrial hub for Montgomery, the area is anticipated to have a 2.5% population increase by 2026. This location opened for business early November 2022 and has nearly 14 years remaining on a new 15-year lease with 2% annual rent increases.
