Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestCRE

The Boulder Group arranges sale of single tenant KinderCare property

Staff Writer April 5, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

The Boulder Group has completed the sale of a net leased KinderCare property located at 790 N. Lake St., Grayslake, for $1.4 million.

The 6,952-square-foot KinderCare was built in 1999. The property is positioned on a hard corner of a signalized intersection along a heavily trafficked roadway. The property is located in an affluent area of the Chicago MSA with average household incomes in excess of $100,000 within five miles of the property.

Additionally, the property benefits from its location in a dense residential area near multiple large subdivisions and apartment communities. KinderCare has been a tenant in the property since 1999 and recently renewed its lease through April 2019. The lease is corporately guaranteed by KinderCare. KinderCare is the largest for-profit childcare provider in the country with 1,900 locations nationwide.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a private individual based in Chicago.  The buyer was an Illinois based high net worth investor.

“The market for net leased properties in Chicago and other major markets remains robust as these assets are in high demand among private investors.” said Blankstein, president of The Boulder Group.

“Properties that are valued below $2 million are receiving the most activity in the private buyer and 1031 exchange sectors,” said Goodman, partner of The Boulder Group.

Tags
The Boulder Group
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisRetail

CBRE arranges retail lease with Urban Air Adventure Park in Chicago

March 28, 2023
TexasRetail

Partners Capital sells Blanco Crossing in San Antonio

March 28, 2023
WisconsinIndustrial

Eagle Foods signs 287,000-square-foot lease in Kenosha

March 28, 2023
IllinoisCRE

Stream Realty Partners hires managing director for Chicago tenant rep team

March 28, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com