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Views: 61 DOM: 39 Updated: 09.12.24 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 18.11
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 escalations 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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Listing Broker

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