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KinderCare - 10+ Yrs Remaining on NNN Lease 8750 Zionsville Rd 18,205 SF Retail Building Indianapolis, IN 46268 $6,280,000 ($344.96/SF) 7% Cap Rate
Investment Highlights
- 10+ Years Remaining on Triple Net (NNN) Lease With Annual Rental Increases and Multiple Renewal Options
- Dense Trade Area in the Indianapolis MSA - 125,00+ Residents within a 5-Mile Radius
- Within 5 Miles of College Park, Ascension St. Vincent Hospital (800 Beds), Costco, Walmart Supercenter, and More
- KinderCare Education is the Largest Provider of Early Education in the Nation with ±1,500 Centers
- Affluent Trade Area - Average Household Income Exceeds $120,000 in the Surrounding Area
- Immediate Proximity to Major Retailers and Industrial Center - Major Employment Center
Executive Summary
KinderCare Learning Centers are community-based centers offering education and care for children six weeks to 12 years old in neighborhoods across the country. Through over 1,500 KinderCare Learning Centers, children engage in purposeful learning and play every day. KinderCare Learning Companies is one of the largest providers of early childhood education in the nation with more than 2,400 centers and sites across the country.
Indianapolis is the 12th largest city in the U.S., and home to 810,000 residents in the city proper, with 2 million residents in the greater metropolitan area. Nicknamed the “Circle City,” and “Crossroads of America,” Indianapolis has more interstate highways bisecting the city and state than any other in the country
Indianapolis is the 12th largest city in the U.S., and home to 810,000 residents in the city proper, with 2 million residents in the greater metropolitan area. Nicknamed the “Circle City,” and “Crossroads of America,” Indianapolis has more interstate highways bisecting the city and state than any other in the country
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
18,205 SF
Building Class
B
Year Built/Renovated
1994/2021
Price
$6,280,000
Price Per SF
$344.96
Cap Rate
7%
NOI
$439,582
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.92 AC
Zoning
ZO01
Frontage
185’ on Zionsville Rd
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-04-14-113-003.000-600 | Improvements Assessment | $1,013,800 |
| Land Assessment | $866,300 | Total Assessment | $1,880,100 |
Property Taxes
Parcel Number
49-04-14-113-003.000-600
Land Assessment
$866,300
Improvements Assessment
$1,013,800
Total Assessment
$1,880,100
Contacts
-
Spencer Berkley -
Mark Ruble -
Christopher Lind -
Zack House -
Julia Evinger -
Marcus & Millichap
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