Corporate NNN Day Care
For Sale
$6,143,000
10216 N Michigan Rd, Carmel, IN 46032
Build-to-suit childcare facility with a long-term corporate lease and planned rent increases.
Property Size10,985 SF
Days on Market186
Property Features for 10216 N Michigan Rd
General Information
Standard status
Active
Size
10,985 SF
Property subtype
Early Education
Building Details
Building Size
10,985 SF
Tenancy
Single
Listing Agency:
ParaSell Inc
(415) 274-2715
Listed By:
John Andreini · License #CalDRE #01440360
Source:
Cppcre
Added: Feb 25
Changed: Aug 29
Last Checked: Aug 29 at 5:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ParaSell Inc
Investment Insights
Based on property information with market context.
This day care center at 10216 N Michigan Rd in Carmel is a recent build-to-suit property leased to Nest School under a 15-year corporate agreement. The lease includes 2% annual rental increases and three 5-year renewal options with higher rents. Lease obligations are supported by a guaranty from the tenant’s founder.
The building includes a recently constructed roof with both membrane and shingle systems. The membrane roof warranty has approximately 13 years remaining, while the shingle warranty is described as lifetime. The property is adjacent to West Carmel Marketplace, a 325,000+ SF shopping center ranked in the top 10% of Indiana shopping centers by annual visits according to Placer.ai.
The building includes a recently constructed roof with both membrane and shingle systems. The membrane roof warranty has approximately 13 years remaining, while the shingle warranty is described as lifetime. The property is adjacent to West Carmel Marketplace, a 325,000+ SF shopping center ranked in the top 10% of Indiana shopping centers by annual visits according to Placer.ai.
Key Highlights
- 15‑year corporate lease with Nest School
- 2% annual rental increases in the lease
- Three 5‑year extension options with increased rents
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46032, IN
50,477
Population
22,118
Households
2.3
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
1,995
Density / Sq Mi
$123,438
Median Household Income
$70,558
Median Earnings
$1,522
Median Rent
$464,200
Median Home Value
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Similar Off Market Nearby
- The Learning Grove Academy-Carmel — 3535 W 96th St, Indianapolis, IN 46268
- Primrose School at West Carmel — 3746 W 98th St, Carmel, IN 46032
- Mathnasium — 10725 N Michigan Rd, Zionsville, IN 46077
Frequently Asked Questions
What type of property is this?
Day care center - Build-to-suit childcare facility with a long-term corporate lease and planned rent increases.
Where is this day care center located?
The property is located at 10216 N Michigan Rd Carmel, IN.
What is the asking price?
The asking price for this property is $6,143,000.
What are key features of this property?
This property features: 15‑year corporate lease with Nest School; 2% annual rental increases in the lease; Three 5‑year extension options with increased rents
