This document provides an offering for a single-tenant net leased KinderCare property located in Grayslake, Illinois. The 6,952 square foot property was built in 1999 and is 100% occupied by KinderCare under a triple net lease through April 2019 with three 5-year renewal options. It has an asking price of $1,490,000, representing a 9.07% capitalization rate. The property benefits from its location within a dense residential area near Chicago with strong household incomes and demographics.

1. NET LEASED INVESTMENT OFFERING
KinderCare
790 North Lake Street
Grayslake, IL 60030 (Chicago MSA)
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerial
5) Site Plan
6) Map
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
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3. CONFIDENTIALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is
intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to
any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been
prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary
level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or
representation. The information contained in this Offering Memorandum has been obtained from sources we
believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information
contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no
warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All
potential buyers must take appropriate measures to verify all of the information set forth herein.
www.bouldergroup.com

4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased KinderCare property located in the
Chicago MSA. This is a proven location for KinderCare since 1999 as evidenced by the recent renewal and extension of the
existing lease. Additionally, the parking lot was recently resealed in July 2012. The lease is corporately guaranteed by
KinderCare, the largest for-profit childcare provider in the country with 1,900 locations nationwide. The 6,952 square foot
property was built in 1999 and has seven years of lease term remaining.
The property is located along Washington Street, a primary east-west thoroughfare, which experiences traffic volumes in
excess of 16,000 vehicles per day. The property is positioned on a hard corner of a signalized intersection creating
constant traffic flow at the site. Additionally, the property is benefited by its location in a dense residential area near
multiple large subdivisions and apartment communities. There are approximately 150,000 people living within five miles
of the property with above average household incomes in excess of $100,000 annually.
The original fifteen year lease term began in 1999 and KinderCare recently exercised their first option, which renewed the
lease term through April 2019. The lease features escalating rents in each of the three remaining option periods.
KinderCare is a privately owned company with over 1,900 locations across the United States. KinderCare is the largest for
profit childcare provider in the county.
INVESTMENT HIGHLIGHTS
• Located within the Chicago MSA
• Tenant recently exercised their first option to extend the lease term
• Approximately 150,000 people living within five miles of the
property
• Average household income in excess of $100,000 within five miles
of the property
• Parking lot was recently resealed in July 2012
• KinderCare is the largest for-profit child care provider in the country
• Located within one-half mile of a Metra Transportation Station
• Corporately guaranteed lease by KinderCare
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $1,490,000
Cap Rate: 9.07%
Net Operating Income: $135,152*
Renewal Options: Three 5-Year with rental escalations (Lesser of CPI or 10%)
Lease Commencement Date: June 7, 1999
Lease Expiration Date: April 30, 2019
Year Built: 1999
Tenant: KinderCare
Lease Type: NN
Rentable Square Feet: 6,952
Land Size: 1.05 acres
*Seller to escrow three months of rent at closing due to rental abatements in May 2013,
May 2014 and June 2014.
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6. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
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7. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
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8. MAP
NET LEASED INVESTMENT OFFERING
MAP
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9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
KinderCare Learning Center was founded in 1969 and is an American operator of for-profit child care facilities. The
company provides educational programs for children ages six weeks to twelve years old. Some 200,000 children are
enrolled in more than 1,900 early childhood education community centers, 656 before-and-after school programs,
and 123 employer-sponsored centers in 39 states. KinderCare was acquired in 2005 by the Knowledge Learning
Corporation, a privately held education service firm. The deal was valued at over $1 billion and made Knowledge
Learning Center the nation’s largest private child care and education provider. KinderCare is accredited by The
National Association for the Education of Young Children (NAEYC).
Website: www.kindercare.com
Number of Locations: 1,900
Employees: 33,000
www.bouldergroup.com

10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
1-mi. 3-mi 5-mi
Population
Total Population 12,818 67,140 149,057
Total Households 4,286 21,726 49,201
Income
Median Household Income $99,143 $80,775 $83,373
Average Household Income $113,289 $93,099 $100,249
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11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Grayslake is located within Lake County, Illinois. At the time of the 2010 U.S. Census
Grayslake had a population of 20,957. Lake County is located in the northeastern corner
of Illinois and according to the 2010 census; Lake County had a population of 703,462.
Grayslake is located midway between the Chicago and Milwaukee metropolitan areas
yslake
and approximately 40 minutes from O'Hare International Airport. Additionally, there are
multiple Metra commuter rail lines which provide daily commuter service to Union Station
in downtown Chicago. Grayslake is home to the College of Lake County, the University
n
Center of Lake County and the Lake County Fairgrounds. The Grayslake community is
served by three excellent public school districts, parochial and private schools, and a
charter school dedicated to providing quality education to Grayslake community.
arter
The Grayslake community is within a fifteen mile radius of four excellent hospitals which offer skilled specialists and
the best technology available. Condell Medical Center, Lake Forest Hospital, St. Therese Hospital, Victory Memorial
Hospital and several of their satellite facilities in the Grayslake area provide care for the community.
www.villageofgrayslake.com/
Chicago is the most populous city in the Midwestern United States and the third most
populous city in the United States with 2,700,000 residents. Chicago is the county seat
of Cook County, the second largest county in the United States. Th Chicago MSA is the
The
third most populated metropolitan area in the United States with 9,580,567 residents.
The MSA covers over 1,300 square miles and six counties. The Chicago metropolitan
area is home to the corporate headquarters of 57 Fortune 1000 compa companies, including
Boeing, McDonald's, Motorola, Discover Financial Services and United Airlines. Chicago is
a major hub for industry, telecommunications and infrastructure and O'Hare International
Airport is the second busiest airport in the world in terms of traffic movement.
of
The metro is also a major financial center in North America, and is home to the largest futures exchange in the
United States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the
competitiveness of financial centers based on people, business environment, market access, infrastructure and
general competitiveness.
www.cityofchicago.com
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12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
666 Dundee Road Suite 1801
Northbrook, IL 60062
Randy Blankstein Jimmy Goodman
President Partner
847.562.0003 847.562.8500
rblank@bouldergroup.com jimmy@bouldergroup.com
www.bouldergroup.com