Contact Us
The Saia Group of Marcus & Millichap
(630) 570-2226
Tammy.saia@marcusmillichap.com


Follow Tammy A. Saia at:

© 2018 by Tammy Saia Marcus & Millichap.
created with
Wix.com

Description

Marcus & Millichap is pleased to present the Goddard School located at 801 Georgetown Drive, Cary, Illinois. Cary is an upscale community nestled on the Fox River, approximately 50 miles northwest of Chicago. The Metra rail line, plus easy access to the interstate connect Cary to Chicago and the entire metro area. The 2010 census recorded a 17 percent growth rate and a population of 18,271 in the city of Cary. Median family income in $105,770 and the median detached home value is $236,340. The combination of young families and high income provides the ideal environment for a preschool.

 

The Goddard Schools are franchised by Goddard Systems, Incorporated, which now operates 400 day care centers across the United States. Their emphasis on best practices enabled the company to grown through the recession. Goddard Systems Incorporated is privately held and does not release financials. Goddard did report fiscal 2009 revenue of $31.5 million, minus franchisee income, according to Inc.com.

 

As of 2012, the combined revenue of the U.S. Child Care industry was $33 billion dollars. The United States Bureau of Labor Occupational Outlook states, "Employment of childcare workers is expected to grow by 20 percent from 2010 to 2020, faster than average for all occupations".

 

The Goddard School

801 Georgetown Drive Cary, IL 60013

Price                                              $2,300,000

Down Payment                           $920,000 (40%)

Net Operating Income              $210,00

Rentable Square Feet               10,893

Price/Square Foot                      $211.14

CAP Rate                                       9.13%

Parcel Size                                    1.437 Acres

Year Built                                      2007

 

Major Tenants:

The Goddard School

Market Summary

Under Contract