10216 N Michigan Rd - Day Care Center FOR SALE
Carmel, IN 46032 |
$6,143,000 USD
650-678-7200
10216 N Michigan Rd
Carmel, IN 46032
HIGHLIGHTS
- Brand-new 15-year corporate lease featuring 2% annual rental increases
- Three, 5-year options to extend the lease at increased rents
- Lease is guaranteed by tenant’s ultra-high net worth founder (contact Agent for more details)
- Recent build-to-suit construction with new roof that has membrane (~13 years remaining) and shingles (lifetime) warranties in place
- Extremely affluent parent demos – $247K average household incomes within a 1-mile radius of the subject property
- Adjacent to West Carmel Marketplace – a 325,000+ SF center that ranks in the top 10% of shopping centers in Indiana in terms of annual visits per Plac
OVERVIEW
A 15-year corporate Nest School lease featuring 2% annual rental increases and backed by an ultra-high net worth guarantor. The subject property is located next to West Carmel Marketplace – a 325,000+ SF center that ranks in the top 10% of shopping centers in Indiana in terms of annual visits per Placer.ai.
FOR SALE DETAILS
PRICE
$6,143,000 USD
PRICE/SF
$559 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Nest Schools
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.41 AC
LAND SF
61,420 SF
ZONING
-
APN/PARCEL ID
29-13-07-000-006.000-018
ASK ABOUT THIS PROPERTY
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650-678-7200
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650-678-7200
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