Property Intro
Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a freestanding Westside Children’s Therapy facility located at 411 E Geneva Road in Carol Stream, Illinois, within the Chicago MSA. The property consists of a 7,500-square-foot building situated on approximately 1.27 acres with 60 parking spaces. Westside Children’s Therapy operates under a Double-Net (NN) lease with 2% annual rent increases, a primary term extending through December 27, 2032, and two additional five-year renewal options. The tenant is responsible for HVAC, taxes, insurance, and CAMs, while landlord responsibilities are limited to the roof, structure, and parking lot.
Westside Children’s Therapy is an established multidisciplinary pediatric therapy provider offering autism therapy, applied behavior analysis, physical therapy, occupational therapy, speech therapy, feeding therapy, and counseling services. The company operates 30 locations throughout Illinois, employs more than 600 people, and is headquartered in Frankfort, Illinois. The offering memorandum estimates 2025 revenue at approximately $68.6 million. The Carol Stream facility was renovated in 2021 for its specialized healthcare use, with an improvement allowance of up to $187,500 supporting the tenant’s therapy buildout and long-term commitment to the location.
The property is strategically positioned along Geneva Road, which experiences approximately 20,800 vehicles per day, near the highly trafficked Geneva Road and Schmale Road retail corridor. The surrounding area includes Geneva Crossing, an approximately 80,000-square-foot retail center, along with numerous national retailers and service providers including The Home Depot, Starbucks, Walgreens, Jewel-Osco, PNC Bank, U.S. Bank, and 7-Eleven. Demographics are strong, with approximately 255,403 residents within five miles and an average household income of approximately $165,757. Located approximately 33 miles from downtown Chicago, Carol Stream benefits from its position within the Chicago-Naperville-Elgin MSA, a major metropolitan market with more than 9.3 million residents and a diverse economic base.