The Gardner School
SUCCESSFUL & GROWING EARLY EDUCATION CONCEPT | CORPORATE GUARANTY
The Gardner School (TGS), is an academically focused private early education network of schools that focus on children ages 6 weeks to 5 years old. The company has grown to twenty (20) locations and approximately 1,000 employees in 7 states since its founding in 2004, with another location coming soon in Illinois. The subject property features a corporate guaranty from The Gardner School (TGS Holdings, LLC).
LONG TERM COMMITMENT | 10% INCREASES | EXTREMELY PASSIVE NNN LEASE STRUCTURE
The subject property features a triple net lease with zero landlord responsibilities, ideal for both local and out-of-area investors. The tenant signed a seventeen (17) year and three (3) months lease, which commenced in January of 2014 and has approximately
eleven (11) years of term remaining, with four (4) options to extend. The lease features 1 (3-Year), 2 (5-Year), and 1 (2-Year) option(s) to extend. The lease features 10% rental increases in years 6, 11, 16 during the initial term, the lease also features 10% rental
increases during the 2nd, 3rd, and 4th option periods.
STRONG UNIT-LEVEL PERFORMANCE
The Gardner School’s 2019 revenues totaled $3,530,207 or $221 PSF at the subject property, validating the stability of the trade area and the demand for its education services.
DOMINANT I-294 LOCATION W/ ON/OFF RAMP | MAJOR EMPLOYMENT HUB | 13,300+ EMPLOYEES WITHIN 1 MILE
The subject property is strategically positioned along I-294 (136,248 VPD) providing excellent visibility and accessibility for the private school along Willow Rd (48,359 VPD). Allstate, Astellas Pharma US Inc, CVS Caremark, and Glenbrook Hospital are all located within 1 mile of the property and account for four of the five largest employers in Northbrook with more than 13,300 daytime employees.
HIGHLY AFFLUENT & DENSE SUBMARKET
The Gardner School’s proximity to these dominant employment centers is a tremendous valueadd to parents. Within 5 miles of the subject property, there are 268,429 people, and 109,520
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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.