$5,377,294 USD
310-844-9370
1315 S Sherman Dr
Indianapolis, IN 46203
Near Southeast
HIGHLIGHTS
- Centria Autism is the largest ABA therapy provider in Michigan and among the leading operators nationwide, serving 12 states with 120+ locations.
- Centria targets neighborhood-based settings surrounded by family housing to ensure therapy is accessible and integrated within the community.
- New sites' cash flow break-even in 4–8 months and stabilize within 24 months; Centria plans to open 40+ new centers nationwide by 2027.
- Features a 14-year Absolute Triple Net Lease with zero landlord responsibilities and above-market 2.5% annual rent escalations.
- Property is surrounded by major K–12 schools—including Carmel High (˜5,200 students), Lawrence Central, Victory College Prep, GEO Next Gen.
- The broader Indianapolis metropolitan area, encompassing surrounding counties, reached a population of 1,903,000 in 2024.
OVERVIEW
Sands Investment Group is pleased to exclusively present for sale the 18,817 SF Centria Autism facility located at 1315 S Sherman Dr in Indianapolis, Indiana. The property is nearing completion of a remodel, including a custom tenant build-out, with rent projected to commence on 03/01/2026. The offering features a passive lease structure with residual value protection, including a 14-year Absolute Triple Net (NNN) Lease with no landlord responsibilities. The lease also provides above- market annual rent escalations of 2.5%, ensuring a secure and predictable investment opportunity.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$5,377,294 USD
PRICE/SF
$286 USD /SF
CAP RATE
6.8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Centria Autism - Indianapolis, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Health Club
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
3.72 AC
LAND SF
162,043 SF
ZONING
C1
APN/PARCEL ID
49-10-16-131-015.000-101
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310-844-9370
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310-844-9370
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