Listed by SURMOUNT
$6,921,428
The Nest Schools
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,875
Cap Rate 7.00%
NOI $484,500
Tenancy Single
Lease Type Modified
Lease Expiration 08/31/2040
Year Built 2024
Acreage 2.060
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2025
Ground Lease No
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a The Nest Schools located at 18110 Grassy Branch Road, Westfield, IN 46074. The site consists of roughly 10,875 rentable square feet of building space on an estimated 2.06-acre parcel of land. The Nest Schools is subject to a 15-year Modified Triple Net lease, which commenced 9/1/2025. The current annual rent is $484,500 and has scheduled increases of 2.00% Annually.
Investment highlights
- Brand-New 15-Year Lease | Modified NNN lease with 15 years of term remaining and 2.00% annual rent increases.
- Strong Rental Income | The property generates $484,500 in current annual rent, providing stable income growth.
- Large Early Education | Facility 10,875 SF building on 2.06 acres, supporting childcare operations and outdoor programming.
- High-Growth Suburban Asset | Located in Westfield, one of the Indianapolis MSA’s fastest-growing family-oriented suburbs.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$484,500.00
$40,375.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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