Kiddie Academy

626 South Morgantown Road, Greenwood, IN 46142

$5,690,000

Cap Rate 6.75%

Views: 93 DOM: 165 Updated: 10.30.24 Posted: 07.09.24 Status: Active

Summary

Price $5,690,000	Built/Renov 2023	Tenant Kiddie Academy
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 12,000	Lease Start 11-14-2023	#Units 339
Price/SF $474.17	Expiration 11-30-2043	Tenant Type Daycare/Education
NOI $384,000	R. Term 18.11	Ownership Fee Simple
Rent/SF $32.00	Increases 10.0%/4/yrs	Pop 5Mi 118,390
Lot/AC 1.69	Options 3/5yrs/10%	AHHI 5Mi $109,014

Lease Highlights

New 2023 construction
Kiddie Academy has 19+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Personal guaranteed lease

Location Description

Kiddie Academy is strategically located on South Morgantown Road, surrounded by well-known national tenants including Domino's, CVS Pharmacy, Pep Boys, and more. Key community educational institutions in the vicinity include Rosa Parks-Edison Elementary, Perry Meridian Middle School, and Perry Meridian High School, among others. The 5-mile trade area is supported by a population of 118,390...

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Key Features

New construction
Build to suit
Near major nationals
Shopping Ctr out-parcel
Strategically located
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

Kiddie Academy Wikipedia Kiddie Academy Wikipedia Greenwood, Indiana Zip Code 46142 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Kiddie Academy
Guarantor:Franchisee
Company:Franchisee
# 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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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	8,515	47,891	126,216
2024 Total Population :	8,285	46,531	123,169
2024 Employed Civilian Pop :	4,667	24,254	65,180
2024 Total Businesses :	107	1,149	3,096
2024 Average Household Income :	$ 144,352	$ 127,373	$ 112,554
2024 Total Consumer Spending :	$ 346 M	$ 1877 M	$ 4535 M
2024 Median Age :	39	41	38
2024 Total Households :	2,820	17,125	46,292
2024 Pop Age 25+: Bachelor's Degree :	1,681	8,715	20,924
2024 Average Home Value :	$ 355,957	$ 353,170	$ 337,484

*ESRI data is presented for informational purposes only

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
17376 Views
65 Sold

Bill Asher

Hanley Investment Group

Contact

151 Listings
17812 Views
63 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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