About This Restaurant
Investment Highlights
Rare 20 Yr. Corp Lease by Learning Experience Corporation- 450+ Locations- Best in Class Brand Strong 10 Year Corp Guarantee ($750k CAP)- Subsidiary of Golden Gate Capital ($19B+ Market Cap) Phoenix MSA Voted One of ?Top 50 Places to Live?- Tremendous Population Growth- 5th Largest City High Profile Site along Hwy 37 (Main Retail Corridor) in Heart of City- Near Walmart Market/Schools Affluent Suburb of Indianapolis ($145,863 HHI)- State Capital/12th Largest City in U.S.- Huge Growth Brand New 2022 Prototype with 11% Rent Bumps- 20 Year Roof Warranty- Scheduled Open Fall 2022
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant net leased investment that is fully occupied by The Learning Experience (?TLE? ? corporate) on a brand new 20-year lease. This brand new 2022 construction provides investors long term secure cash flow with a hedge against inflation with 11% rental increases every 5 years. Located in Fishers, IN, this property is within 20 miles of downtown Indianapolis. The greater Indianapolis area has a population of over 1.8 million with steady growth over the past 20 years. Situated on Indiana State Road 37, this property sees 41,000+ VPD and is easily accessed from E 135th St, a large signalized intersection. Many schools surround this site including New Britton Elementary School, Fishers Jr. and Sr. High Schools, and Cumberland Elementary School, totaling 5,900+ students. Many retailers have found this area attractive including Walmart Neighborhood Market, McDonald?s, Popeyes Louisiana Kitchen, Arby?s, and Texas Roadhouse.This is an excellent opportunity to purchase a brand-new construction, single tenant net leased investment on a new 20-year lease with 11% rental increases with two 5-year options and minimal landlord obligations.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Day Care Center Day Care Center General Retail Fast Food General Retail Freestanding Day Care Center
- Building Size 10,000
- Building Class B
- Year Built 2022
- Price 5,265,000
- Price Per SF 527
- Cap Rate 7
- NOI 368,500
- Percent Leased 100
- Building Height 1 Story
Nearby Amenities & Transportation
Retail | Wingstop | ||
Retail | Lake City Bank | ||
Retail | City Barbeque | ||
Retail | Walmart Neighborhood Market | ||
Retail | F45 Training, Inc. | ||
Retail | [Solidcore] | ||
Retail | Chase Bank | ||
Retail | Buffalo Wild Wings | ||
Retail | Starbucks | ||
Retail | Texas Roadhouse |
Date Created: | 2024-07-16 04:13:41 | Last Updated: | 2024-07-16 04:13:41 |
Address: | Learning Experience , Fishers, Indiana, 46038 |