Log In/Sign Up
Your email has been sent.
Centria Autism - Indianapolis, IN 1315 S Sherman Dr 18,817 SF Retail Building Indianapolis, IN 46203 $5,377,294 ($285.77/SF) 6.80% Cap Rate
Investment Highlights
- Centria Autism is the largest ABA therapy provider in Michigan and among the leading operators nationwide, serving 12 states with 120+ locations.
- New sites' cash flow break-even in 4–8 months and stabilize within 24 months; Centria plans to open 40+ new centers nationwide by 2027.
- Property is surrounded by major K–12 schools—including Carmel High (˜5,200 students), Lawrence Central, Victory College Prep, GEO Next Gen.
- Centria targets neighborhood-based settings surrounded by family housing to ensure therapy is accessible and integrated within the community.
- Features a 14-year Absolute Triple Net Lease with zero landlord responsibilities and above-market 2.5% annual rent escalations.
- The broader Indianapolis metropolitan area, encompassing surrounding counties, reached a population of 1,903,000 in 2024.
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 03/01/2026. 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.
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
$5,377,294
Price Per SF
$285.77
Cap Rate
6.80%
NOI
$365,656
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-10-16-131-015.000-101 | Improvements Assessment | $527,300 |
| Land Assessment | $200,700 | Total Assessment | $728,000 |
Property Taxes
Parcel Number
49-10-16-131-015.000-101
Land Assessment
$200,700
Improvements Assessment
$527,300
Total Assessment
$728,000
Contacts
-
Benjamin Brigham -
Michael Gonzalez -
Max Freedman -
Elan Sieder -
Sands Investment Group Santa Monica, LLC
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
