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Views: 77 DOM: 105 Updated: 11.11.24 Posted: 08.08.24 Status: Active

Summary

Price $6,120,000
Built/Renov 2023
Tenant Guidepost Montessori
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 10,985
Lease Start 05-15-2023
#Units 150
Price/SF $557.12
Expiration 08-31-2043
Tenant Type Daycare/Education
NOI $428,400
R. Term 18.9
Ownership Fee Simple
Rent/SF $39.00
Increases 2.0%/1/yrs
Pop 5Mi 136,558
Lot/AC 1.41
Options 4/5yrs/2%
AHHI 5Mi $122,027

Lease Highlights

  • New 2023 construction
  • Guidepost Montessori has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

Guidepost Montessori is strategically located on N Michigan Road, with access to a high daily traffic count of 49,352 vehicles. The property is within a 5-mile radius of 7 elementary feeder schools and features nearby well-known national tenants such as Dunkin', McDonald's, The Home Depot, Kohl's, Taco Bell, and more. Additionally, it is only 25 minutes from Indianapolis International Airport....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Guidepost Montessori
  • Guarantor:Corporate
  • Company:Higher Ground Education
  • # Units:150
  • Stock:Private

About Tenant

Guidepost Montessori is the world’s largest Montessori network and focuses on providing a unique, holistic, child-centered education for children ages 0 to 12. The curriculum promotes...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,713 45,454 136,447
2024 Total Population : 3,304 42,391 130,738
2024 Employed Civilian Pop : 1,635 22,882 71,098
2024 Total Businesses : 563 3,246 7,118
2024 Average Household Income : $ 211,074 $ 150,685 $ 155,764
2024 Total Consumer Spending : $ 247 M $ 2397 M $ 6975 M
2024 Median Age : 45 41 39
2024 Total Households : 1,381 18,321 51,641
2024 Pop Age 25+: Bachelor's Degree : 712 10,359 30,590
2024 Average Home Value : $ 546,973 $ 483,621 $ 479,222
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Michigan Road Retail Pkwy 2021 29,363 0.17 mi
Mayflower Park Dr W 99th St 2010 540 0.27 mi
99th St N Michigan Rd 2010 1,400 0.28 mi
W 99th St Mayflower PkDr 2010 1,470 0.30 mi
Mayflower Park Dr W 99th St 2010 2,030 0.31 mi
Commerce Dr W 106th St 2010 3,170 0.39 mi
N Michigan Rd W 106th St 2010 16,980 0.40 mi
W 106th St N Michigan Rd 2010 5,190 0.43 mi
W 106th St Commerce Dr 2010 7,770 0.44 mi
W 106th St Commerce Dr 2010 10,420 0.45 mi

Listing Broker

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