Rare 20 Yr. Lease- 1st Center in the State Learning Experience

Learning Experience , Fishers, Indiana, 46038 | 10,000 sq.f | $ 5,265,000

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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