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The Learning Experience 7154 S Northfield Dr 10,000 SF Retail Building Brownsburg, IN 46112 $4,827,500 ($482.75/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- Minimal Landlord Responsibilities (Roof & Structure – Long-Term Roof Warranty in Place)
- 1-Mile Average Household Income of +/-$140,000 and 5-Mile Consumer Spending Approximately $1.5 billion
EXECUTIVE SUMMARY
The Klink Group of Marcus & Millichap is pleased to present for sale The Learning Experience located in Brownsburg, Indiana, an affluent and fast-growing Indianapolis suburb. The Property features a brand-new, 20-year passive lease that commenced in September of 2024 and offers 11% rental escalators every five years throughout the base term and renewal option periods. The tenant is responsible for common area maintenance, property taxes, & insurance costs.
The offering is the perfect investment opportunity for any passive investor looking for quality real estate in a fast-growing and affluent submarket with high barriers of entry and limited real estate transaction velocity with long-term, leased tenancy in an early-education industry experiencing exceptionally strong demand.
The offering is the perfect investment opportunity for any passive investor looking for quality real estate in a fast-growing and affluent submarket with high barriers of entry and limited real estate transaction velocity with long-term, leased tenancy in an early-education industry experiencing exceptionally strong demand.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
2023
Price
$4,827,500
Price Per SF
$482.75
Cap Rate
7.25%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.54 AC
Zoning
C-1 - Commercial Retail
Parking
39 Spaces (3.9 Spaces per 1,000 SF Leased)
Frontage
319’ on Northfield Drive
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- The Learning Experience
- Educational Services
- 10,000 SF
- $35.00
- Double Net
- Sep 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| The Learning Experience | Educational Services | 10,000 SF | $35.00 | Double Net | Sep 2044 |
PROPERTY TAXES
| Parcel Number | 32-07-26-105-005.000-016 | Improvements Assessment | $808,800 |
| Land Assessment | $456,000 | Total Assessment | $1,264,800 |
PROPERTY TAXES
Parcel Number
32-07-26-105-005.000-016
Land Assessment
$456,000
Improvements Assessment
$808,800
Total Assessment
$1,264,800
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The Learning Experience | 7154 S Northfield Dr
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