Chesterbrook Academy – Sugar Grove

Price: $3,067,000
Sq. Ft.: 10,690
Cap Rate: 8.60%
Built: 2008

The subject property is a 10,690 square foot single-tenant Chesterbrook Academy located in Sugar Grove, 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 seven 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 10% cumulative for each five years.  The building was constructed in 2008 and sits on 1.48 acres.

The subject property is located on the hard corner of East Park Avenue and Capitol Drive.  National and regional  retailers in the neighboring area include Jewel-Osco grocery store, Subway, RE/MAX, Ace Hardware, State Farm Insurance, First National Bank, CITGO, Walgreens, Chase Bank, McDonald’s, and Aldi. The surrounding area has  good demographics, with a one mile average household income exceeding $136,000 and a five mile population of 60,130 residents.

The Village of Sugar Grove is a western suburb of Chicago, located in Kane County. Sugar Grove is accessible by one interstate highway (Interstate 88), one US highway (US Route 30), and two state highways, (Illinois Route 47) and (Illinois Route 56). Illinois Route 47 is a heavily travelled route at the far western edge of the Chicago area and runs north-south through the Village. Aurora Municipal Airport is situated on the northwest side of town, capable of   handling small jets. The BNSF Railway’s mainline from Chicago to Seattle runs through the Village.

Other Available Locations:
Chesterbrook Academy – Cary, NC (Mackenan)
Chesterbrook Academy – Huntersville, NC
Chesterbrook Academy – Joliet, IL
Chesterbrook Academy – Shorewood, IL
Chesterbrook Academy – Phoenixville, PA