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The Learning Experience 7154 S Northfield Dr 10,000 SF Retail Building Brownsburg, IN 46112 $5,000,000 ($500/SF) 7% Cap Rate
Investment Highlights
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- Located in an Affluent Indianapolis Suburb with Average Household Income of +/-$140,000
- Brownsburg is one of the fastest-growing communities in the state and recognized by CNN's Money magazine for being the "Best Places to Live
- 11% Rental Increases Every 5 Years and Each Renewal Option
- Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
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.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
2023
Price
$5,000,000
Price Per SF
$500
Cap Rate
7%
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 End
- The Learning Experience
- Retailer
- 10,000 SF
- $35.00
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The Learning Experience | Retailer | 10,000 SF | $35.00 | - |
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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