17313 Spring Mill Rd - Day Care Center FOR SALE


Westfield, IN 46074
$6,357,000 USD
650-678-7200
17313 Spring Mill Rd, Westfield, IN for Sale
$6,357,000 USD
Day Care Center - FOR SALE
1/2
null | 7% Cap Rate

17313 Spring Mill Rd
Westfield, IN 46074


HIGHLIGHTS

  • Brand-new 15-year 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)
  • Brand-new building delivered in 2023 with new roof that has 15-year warranty in place
  • Very strong guarantor – Nine-figure net worth
  • Adjacent to heavily trafficked Meijer location – ranked in the top 2% of grocery stores nationwide in terms of annual visits per Placer.ai

OVERVIEW

A 15-year corporate Nest School lease featuring 2% annual rental increases and backed by an ultra-high net worth guarantor. Subject property is adjacent to a heavily trafficked Meijer location ranked in the top 2% of grocery stores nationwide in terms of annual visits per Placer.ai.

FOR SALE DETAILS

PRICE

$6,357,000 USD

PRICE/SF

$482 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

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.