Centria Autism - Indianapolis, IN
14-Year Abs NNN | Indianapolis, IN
Marketing description
Sands Investment Group is pleased to exclusively present for sale the 18,817 SF Centria Autism facility located at 1315 S Sherman Dr in Indianapolis, Indiana. The property is nearing completion of a remodel, including a custom tenant build-out, with rent projected to commence on 03/01/2026. The offering features a passive lease structure with residual value protection, including a 14-year Absolute Triple Net (NNN) Lease with no landlord responsibilities. The lease also provides above- market annual rent escalations of 2.5%, ensuring a secure and predictable investment opportunity.
Investment highlights
The Tenant: Centria Autism is the largest ABA therapy provider in Michigan and among the leading operators nationwide, serving 12 states with 120+ locations. Owned by THL Partners, a global PE firm with 50+ years of experience, positioning Centria for aggressive growth and long-term financial stability.
Prime Neighborhood Location: Centria targets neighborhood-based settings surrounded by family housing to ensure therapy is accessible and integrated within the community. The area around 1315 S Sherman Dr fits an ideal model, offering dense residential neighborhoods, schools, and family-focused amenities that support strong referral potential and consistent demand for autism services.
Rapid Ramp-Up & Expansion Strategy: New sites' cash flow break-even in 4–8 months and stabilize within 24 months; Centria plans to open 40+ new centers nationwide by 2027.
Passive Lease Structure With Residual Value Protection: Features a 14-year Absolute Triple Net Lease with zero landlord responsibilities and above-market 2.5% annual rent escalations.
Prime ABA Therapy Location Near Top Schools and Universities: Property is surrounded by major K–12 schools—including Carmel High (≈5,200 students), Lawrence Central, Victory College Prep, GEO Next Gen, and Purdue Polytechnic—offering a strong referral base; nearby universities like University of Indianapolis, Marian, Butler, IU Indianapolis, Purdue Indianapolis, and Ivy Tech provide access to qualified staff and collaboration opportunities.
Growth in Indianapolis: The broader Indianapolis metropolitan area, encompassing surrounding counties, reached a population of 1,903,000 in 2024, marking a 1.17% increase from the previous year, according to Macrotrends; this upward trend underscores the city's expanding role as a regional hub for education, healthcare, and employment.
Surging Demand for ABA Therapy Services: In 2022, the global market for autism spectrum disorder therapies was valued at $1.93 billion; this market is expected to expand from $2.01 billion in 2023 to $3.42 billion by 2030.
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