The subject property is a 10,650 square foot single-tenant Chesterbrook Academy located in Shorewood, Illinois. The triple-net lease has limited landlord responsibilities and has a corporate guarantee from Nobel Learning Communities, Inc., a network of over 180 private schools in the United States. Approximately six years remain on the primary term, and the tenant has three, five-year options for renewal. The base rent increases by CPI adjustment every five years, not to exceed 8% cumulative for each five years. The building was constructed in 2007 and sits on 1.46 acres.
The subject property is located on River Road at the intersection with West Black Road. The property is near Troy Hofer Elementary School and Trinity Christian School. The property is about one mile east of State Highway 59, a major retail corridor that includes The Home Depot, Target, Home Goods, Babies “R” Us, Staples, PetCo, Play It Again Sports, Mariano’s grocery store, Walmart Supercenter, Chili’s Grill & Bar, Payless ShoeSource, Sally Beauty Supply, Massage Envy, O’Reilly Auto Parts, McDonald’s, Firestone, Pizza Hut, Wendy’s, and many others. The one mile average household income exceeds $120,000, and the five mile population is 105,666.
Shorewood is located at the intersection of I-80 and I-55 and although in a rural setting has easy access to the Chicago loop which is only forty minutes north on I-55. Growing out of its origins as a resort community along the scenic DuPage River, Shorewood has emerged as a regional leader in high-caliber residential development.
Other Available Locations:
Chesterbrook Academy – Cary, NC (Mackenan)
Chesterbrook Academy – Huntersville, NC
Chesterbrook Academy – Phoenixville, PA
