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KinderCare- North Indianapolis, IN 91 W 91st St 14,820 SF Retail Building Indianapolis, IN 46260 $4,822,003 ($325.37/SF) 6.75% Cap Rate
Investment Highlights
- KinderCare is the largest provider of early education and child care, operating more than 2,700 centers nationwide.
- ~11 years remaining on Triple Net (NNN) Lease with 2% annual rent escalations.
- Located in the 91st street corridor, one of Indianapolis’ most established family-oriented residential zones.
- Indianapolis, the state's capital, continues to experience robust economic growth driven by multi-billion-dollar investments in healthcare.
- The average household income is $135,394, and there are 175,505 residents within a 5-mile radius.
- The city continues to add substantial residential density through downtown redevelopment projects, with thousands of new apartment units delivered.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 14,820 SF KinderCare located at 91 W 91st Street in Indianapolis, IN. This opportunity features ~11 years remaining on a Triple Net (NNN) Lease with 2% annual rent escalations, providing stable and growing cash flow. Strategically positioned within the highly desirable 91st Street corridor, the property benefits from strong demographics, established family-oriented neighborhoods, and consistent demand for quality childcare services, making it an attractive long-term investment opportunity.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
B
Year Built
1990
Price
$4,822,003
Price Per SF
$325.37
Cap Rate
6.75%
NOI
$325,485
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.88 AC
Zoning
ZO01
Parking
22 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
121’ on West 91st Street
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- KinderCare
- Educational Services
- 14,820 SF
- $21.96
- Triple Net
- Jan 2037
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| KinderCare | Educational Services | 14,820 SF | $21.96 | Triple Net | Jan 2037 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-03-14-102-009.000-800 | Improvements Assessment | $1,060,500 |
| Land Assessment | $442,300 | Total Assessment | $1,502,800 |
Property Taxes
Parcel Number
49-03-14-102-009.000-800
Land Assessment
$442,300
Improvements Assessment
$1,060,500
Total Assessment
$1,502,800
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KinderCare- North Indianapolis, IN | 91 W 91st St
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