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The Nest Schools 250 S Harbour Dr 8,200 SF Retail Building Noblesville, IN 46062 $4,005,000 ($488.41/SF) 7% Cap Rate
Investment Highlights
- Brand-new 20-year absolute net lease featuring 2% annual rental increases throughout the base term and options
- $34/sf rent – well below most new education leases which average $45-50/sf
- Significant early education demand – 3x the amount of kids age 0-6 vs. licensed capacity seats in the direct trade area
- Lease is guaranteed by tenant’s ultra-high net worth founder (contact Agent for more details)
- Large 2 acre lot
- Explosive growth submarket – projected population increase within a 1, 3, and 5-mile radius of the subject property over the next five years
Executive Summary
A 20-year corporate Nest School lease featuring 2% annual rental increases and backed by an ultra-high net worth guarantor. The subject property is located in Noblesville, an explosive growth Indianapolis suburb boasting affluent parent demos – $154,000 average household incomes and 120,000 residents within a 15-minute drive time radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,200 SF
Building Class
B
Year Built/Renovated
2003/2025
Price
$4,005,000
Price Per SF
$488.41
Cap Rate
7%
NOI
$280,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.18 AC
Zoning
Commercial - Commercial District
Parking
15 Spaces (1.83 Spaces per 1,000 SF Leased)
Frontage
125’ on South Harbour Drive
Property Taxes
| Parcel Number | 29-06-26-013-001.000-013 | Improvements Assessment | $826,300 |
| Land Assessment | $229,800 | Total Assessment | $1,056,100 |
Property Taxes
Parcel Number
29-06-26-013-001.000-013
Land Assessment
$229,800
Improvements Assessment
$826,300
Total Assessment
$1,056,100
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The Nest Schools | 250 S Harbour Dr
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