Guidepost Montessori
17,060 SF | Retail Building | Indianapolis, IN 46256 | $6,769,000 ($397/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,769,000
- Property Type
-
Retail
- Square Feet
- 17,060 SF
- Price / Square Foot
- $397
Listing Contacts
John Andreini
Verified Profile
Kirby Dederian
Verified Profile
- Property Info
Property Overview
A brand-new Guidepost Montessori on a 20-year base term lease that features 2% annual rental increases and a full corporate guaranty from Guidepost’s parent company, Higher Ground Education, who has experienced 100% revenue growth year over year since 2019 and has seen enrollments increase 235% in that time. Guidepost is the largest Montessori school operator in the world with 130+ locations and counting.
Property Details
- Class
- B
- Year Built/Renovated
- 1997/2021
- Stories
- 1
- Property Subtype
- Day Care Facility/Nursery, Freestanding
- Lot Size (sq. ft)
- 76,230 SF
Highlights
- Brand-new 20-year corporate lease with 2% annual rental increases
- Very strong enrollments – tenant has waiting list of students
- Strong intrinsic value – Rents at $27/ft. & price per foot below $400
- Tenant recently expanded to accommodate demand
- Guidepost is the largest Montessori school operator in the U.S. with significant financial backing and continued growth (ask Agent for more details)
- High income trade area – average HH income of $154,597 within a 1-mile radius of the subject property
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