Kiddie Academy

3650 Marketplace Dr, Zionsville, IN 46077

$6,565,000

Cap Rate 6.75%

Views: 54 DOM: 87 Updated: 08.06.24 Posted: 06.13.24 Status: Active

Summary

Price $6,565,000	Built/Renov 2024	Tenant Kiddie Academy
Cap Rate 6.75%	Lease Type NN+	Guarantor Franchisee
Size/SF 10,717	Lease Start 04-09-2024	#Units 339
Price/SF $612.58	Expiration 04-30-2044	Tenant Type Daycare/Education
NOI $443,133	R. Term 19.8	Ownership Fee Simple
Rent/SF $41.35	Increases 2.0%/1/yrs	Pop 5Mi 68,039
Lot/AC 1.23	Options 3/5yrs/2%	AHHI 5Mi $209,537

Lease Highlights

Brand new 2024 construction
New 20-year lease with 3 (5-year) options to extend
2% annual increases starting in year 3
Favorable NN+ lease with landlord responsibilities limited to roof & structure
Personal guarantee

Location Description

Kiddie Academy is strategically located on Marketplace Drive, surrounded by well-known national tenants including Starbucks, Home Goods, Kohl's, Marshalls, Best Buy, and more. The property is close to key community amenities such as Zionsville Community High School, Union Elementary School, Holliday Farms, townhouse developments, a senior living facility, retail shops, and more. The 5-mile...

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Key Features

New construction
Strategically located
Strong tenant synergy
Highway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 20+ yr lease
Favorable NN+ lease
Annual rent increases
Personal guarantee

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Links

Kiddie Academy Wikipedia Zionsville, Indiana Zip Code 46077 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Kiddie Academy
Guarantor:Franchisee
Company:Kiddie Academy
# Units:339
Stock:Private

About Tenant

Kiddie Academy Educational Child Care is one of the leading childcare franchise providers in the United States. Kiddie Academy is a nationally recognized provider of comprehensive educational...

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Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

142 Listings
11548 Views
62 Sold

Bill Asher

Hanley Investment Group

Contact

142 Listings
11825 Views
60 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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