Listed by Sands Investment Group
$4,822,003
KinderCare - North Indianapolis, IN
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 14,820
Cap Rate 6.75%
NOI $325,485
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare
Lease Type NNN
Lease Term 15
Lease Expiration 01/31/2037
Remaining Term 10.6
Rent Bumps Yes
Lease Options 1 x 10 and 1 x 5 Year Options
Price per SqFt $325
Year Built 2022
Acreage 0.880
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2022
Ground Lease No
2,150+ Unit Operator | 11-Year NNN Lease | Indianapolis, IN | 2% Annual Increases
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 14,820 SF KinderCare located at 91 W 91st Street in Indianapolis, IN. This opportunity features ~11 years remaining on a Triple Net (NNN) Lease with 2% annual rent escalations, providing stable and growing cash flow. Strategically positioned within the highly desirable 91st Street corridor, the property benefits from strong demographics, established family-oriented neighborhoods, and consistent demand for quality childcare services, making it an attractive long-term investment opportunity.
Investment highlights
- KinderCare is the largest provider of early education and child care, operating more than 2,700 centers nationwide.
- Indianapolis, the state's capital, continues to experience robust economic growth driven by multi-billion-dollar investments in healthcare and life sciences, transformative mixed-use developments, major convention and tourism infrastructure expansion, and sustained industrial growth.
- ~11 years remaining on Triple Net (NNN) Lease with 2% annual rent escalations.
- The average household income is $135,394, and there are 175,505 residents within a 5-mile radius.
- 7 elementary feeder schools within a 5-mile radius.
- Located in the 91st street corridor, one of Indianapolis’ most established family-oriented residential zones with strong concentrations of single-family housing, stable incomes, and consistent demand for full-time childcare.
- The city continues to add substantial residential density through downtown redevelopment projects, with thousands of new apartment units delivered or planned across mixed-use districts such as Bottleworks, Market East, and 16 Tech.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$325,485.00
$27,123.75/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
C1 CommercialOfficeOffice Buffer District
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