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Centria Autism - Indianapolis, IN 1315 S Sherman Dr 18,817 SF Retail Building Indianapolis, IN 46203 $5,212,168 ($276.99/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- The Tenant: Centria Autism is the largest ABA therapy provider in Michigan and among the leading operators nationwide.
- Rapid Ramp-Up & Expansion Strategy: New sites' cash flow break-even in 4–8 months and stabilize within 24 months.
- Prime ABA Therapy Location Near Top Schools and Universities: Property is surrounded by major K–12 schools.
- Prime Neighborhood Location: Centria targets neighborhood-based settings surrounded by family housing to ensure therapy is accessible and integrated.
- Passive Lease Structure With Residual Value Protection: Features a 14-year Absolute Triple Net Lease with zero landlord responsibilities.
- Growth in Indianapolis: The broader Indianapolis metropolitan area, encompassing surrounding counties.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively present for sale the 18,817 SF Centria Autism facility located at 1315 S Sherman Dr in Indianapolis, Indiana. The property is nearing completion of a remodel, including a custom tenant build-out, with rent projected to commence on March 1, 2026. The offering features a passive lease structure with residual value protection, including a 14-year Absolute Triple Net (NNN) Lease with no landlord responsibilities. The lease also provides above-market annual rent escalations of 2.5%, ensuring a secure and predictable investment opportunity. Please visit SIG (link below) to execute NDA to view OM.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,817 SF
Building Class
C
Year Built
1972
Price
$5,212,168
Price Per SF
$276.99
Cap Rate
6.65%
NOI
$346,609
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
3.72 AC
Zoning
C1 - Commercial
Parking
30 Spaces (1.59 Spaces per 1,000 SF Leased)
Frontage
226’ on S Sherman Dr
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-10-16-131-015.000-101 | Improvements Assessment | $313,300 |
| Land Assessment | $200,700 | Total Assessment | $514,000 |
PROPERTY TAXES
Parcel Number
49-10-16-131-015.000-101
Land Assessment
$200,700
Improvements Assessment
$313,300
Total Assessment
$514,000
CONTACTS
-
Benjamin Brigham -
Michael Gonzalez -
Max Freedman -
Elan Sieder -
Sands Investment Group Santa Monica, LLC
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