The Learning Experience
10,000 SF | Retail Building | Fishers, IN 46038 | $5,085,000 ($509/SF) | 7.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,085,000
- Property Type
-
Retail
- Square Feet
- 10,000 SF
- Price / Square Foot
- $509
Listing Contacts
Eric Carlton
Verified Profile
Jereme Snyder
Verified Profile
Saimir Qalliu
Verified Profile
- Property Info
Property Overview
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 2023 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.
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
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Day Care Facility/Nursery
- Lot Size (sq. ft)
- 56,628 SF
Highlights
- Rare 20 Yr. Corp Lease by Learning Experience Corporation - 450+ Locations - Best in Class Brand
- High Profile Site along Hwy 37 (Main Retail Corridor) in Heart of City - Near Walmart Market/Schools
- Strong 10 Year Corp Guarantee ($750k CAP) - Subsidiary of Golden Gate Capital ($19B+ Market Cap)
- Affluent Suburb of Indianapolis ($145,863 HHI) - State Capital/12th Largest City in U.S. - Huge Growth
- Brand New 2023 Prototype with 11% Rent Bumps - 20 Year Roof Warranty - Scheduled Open Fall 2023
- Nation’s Fastest Growing Brand! - “Annual Franchise Top 500 List” - Dense Residential Trade Area
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