Listed by Marcus & Millichap - Indianapolis
$4,930,000
The Learning Experience
Details
Property Type Retail
Sub Type Day Care/Nursery, QSR/Fast Food
Square Footage 10,000
Cap Rate 7.1%
NOI $350,000
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience
Lease Type NN
Lease Expiration 09/04/2044
Remaining Term 18.3
Rent Bumps Yes
Lease Options 2x5
Pro-Forma Cap Rate 9.71%
Pro-Forma NOI $478,671
Price per SqFt $493
Broker Co-Op Yes
Year Built 2024
Acreage 1.520
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Affluent Suburb | High AHHI | Growing Area
Investment highlights
Surrounded by Various Residential Neighborhoods and New Commercial, Residential and Senior Housing Developments
Dense Education Building Area-The Property is Located Only +/-5 Minutes from Multiple Schools (Brownsburg High School, Brownsburg East & West Middle School, and 4 Elementary Schools
Located in an Affluent Indianapolis Suburb with Average Household Income of +/-$140,000
Minimal Landlord Responsibilities (Roof & Structure – Long-Term Roof Warranty in Place)
18+ Years Remaining on Double-Net Lease
Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$350,000.00
$29,166.67/mo
Valuation Metrics
0
DSCR
7.1%
Cap Rate
7.1%
ROI
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