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Views: 199 DOM: 344 Updated: 10.25.24 Posted: 01.12.24 Status: Active 01.12.24

Summary

Price $5,085,000
Built/Renov 2022
Tenant The Learning Experience
Cap Rate 7.25%
Lease Type NN+
Guarantor Corporate
Size/SF 10,000
Lease Start 01-01-2023
#Units 500
Price/SF $508.50
Expiration 12-31-2042
Tenant Type Daycare/Education
NOI $368,500
R. Term 18.0
Ownership Fee Simple
Rent/SF $36.85
Increases 11.0%/5/yrs
Pop 5Mi 158,064
Lot/AC 1.31
Options 2/5yrs/11%
AHHI 5Mi $145,863

Lease Highlights

  • Brand-new 2022 construction
  • The tenant has 18+ years remaining on its current lease with 2 (5-year) options to extend
  • Lease features 11% rental increases every five years throughout the initial term and at each option
  • Favorable NN+ lease (landlord responsible for roof & structure)
  • Includes a 20-year transferable roof warranty
  • Corporate guarantee by Golden Gate Capital

Location Description

The Learning Experience is located along Bent Grass Lane (Indiana State Road 37), a major regional thoroughfare, which sees more than 43,996 vehicles per day. Nearby major nationals include Walmart Neighborhood Market, McDonald’s, Popeyes Louisiana Kitchen, Arby’s, Texas Roadhouse, and many more. The property is also nearby to New Britton Elementary School, Fishers Jr. and Sr. High Schools,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

The Learning Experience is an early childcare chain that develops and implements ground-breaking care and early childhood education programs nationwide. TLE is one of America’s fastest-growing...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,965 73,564 166,671
2023 Total Population : 10,960 70,368 159,333
2023 Employed Civilian Pop : 6,655 38,324 85,337
2023 Total Businesses : 412 1,977 5,363
2023 Average Household Income : $ 124,960 $ 135,621 $ 142,089
2023 Total Consumer Spending : $ 462 M $ 3050 M $ 7195 M
2023 Median Age : 36 36 36
2023 Total Households : 4,407 26,589 59,819
2023 Pop Age 25+: Bachelor's Degree : 3,202 19,202 42,877
2023 Average Home Value : $ 306,161 $ 350,384 $ 367,053
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Huntington Ave E 141st St 2018 43,626 0.19 mi
Cumberland Road Water Crest Dr 2018 11,000 0.43 mi
E 98th Water Crest Dr 2008 7,854 0.43 mi
SR 37 Mourning Dove Ln 2021 41,233 0.46 mi
E 131st St Publishers Dr 2009 12,632 0.49 mi
E 131st St Britton PkRd 2009 7,012 0.51 mi
East 131st Street Parkside Dr 2018 4,725 0.52 mi
East 141st Street Old Oak Dr 2018 4,725 0.55 mi
E 141st St Old Oak Dr 2008 7,771 0.55 mi
E 98th Plantana Blvd 2008 7,633 0.56 mi

Listing Broker

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