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- LoopNet Team
7106 Governors Row Rd
Avon, IN 46123
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 18 Years Remaining
- Suburb of Indianapolis
- 7% Cap Rate in Year 1
- True NNN Lease
- 2% Annual Increases
PROPERTY FACTS
AMENITIES
- Wheelchair Accessible
- Air Conditioning
ABOUT 7106 GOVERNORS ROW RD , AVON, IN 46123
Wells Net Lease is pleased to present Children of America (COA), a single-tenant, net-leased investment opportunity in Avon, Indiana. The property is being offered at a 7% cap rate for the first year of the acquisition. The 17,000 square foot single tenant building was opened in 2012 in Avon, Indiana and is licensed for 221 children. Children of America (COA) operates 60 schools in 12 states. COA employs a disciplined data driven site selection process, targeting only high-income market s with high-growth and population. The lease is a true NNN with the tenant responsible for the roof, structure, taxes, insurance, landscaping and maintenance including the HVAC system. The lease has 18 years remaining (expiration 6/30/2037). The tenant recently exercised two five year options early for a minor rent reduction and added 2 additional five year options. The lease has 2% annual increases.
PROPERTY TAXES
| Parcel Number | 32-10-14-151-002.000-031 | Improvements Assessment | $3,194,000 |
| Land Assessment | $450,000 | Total Assessment | $3,644,000 |
PROPERTY TAXES
