$4,005,000 USD
650-678-7200
250 S Harbour Dr
Noblesville, IN 46062
Noblesville/Durbin
HIGHLIGHTS
- Brand-new 20-year absolute net lease featuring 2% annual rental increases throughout the base term and options
- Lease is guaranteed by tenant’s ultra-high net worth founder (contact Agent for more details)
- $34/sf rent – well below most new education leases which average $45-50/sf
- Large 2 acre lot
- Significant early education demand – 3x the amount of kids age 0-6 vs. licensed capacity seats in the direct trade area
- Explosive growth submarket – projected population increase within a 1, 3, and 5-mile radius of the subject property over the next five years
OVERVIEW
A 20-year corporate Nest School lease featuring 2% annual rental increases and backed by an ultra-high net worth guarantor. The subject property is located in Noblesville, an explosive growth Indianapolis suburb boasting affluent parent demos – $154,000 average household incomes and 120,000 residents within a 15-minute drive time radius.
FOR SALE DETAILS
PRICE
$4,005,000 USD
PRICE/SF
$488 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Nest Schools
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.18 AC
LAND SF
94,961 SF
ZONING
Commercial
APN/PARCEL ID
29-06-26-013-001.000-013
ASK ABOUT THIS PROPERTY
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650-678-7200
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650-678-7200
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