Single-Tenant NNN School
For Sale
Contact for pricing
18110 Grassy Branch Road, Westfield, IN 46074
15-year Modified Triple Net lease with scheduled annual rent increases for a dedicated education operator.
Property Size10,875 SF
Lot Size2.06 Acres
Price / SF$636.45
Days on Market97
Property Features for 18110 Grassy Branch Road
General Information
Standard status
Active
Size
10,875 SF
Lot size
2.06 Acres
Property subtype
Retail
Lease Type
Modified Gross
Net Operating Income
$484,500
Building Details
Year Built
2024
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 31 at 4:55PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This offering features a single-tenant school property improved with approximately 10,875 rentable square feet of building space on an estimated 2.06-acre parcel. The asset is leased to The Nest Schools under a 15-year Modified Triple Net structure. The lease commenced 9/1/2025, with a current annual rent of $484,500 and scheduled 2.00% annual increases.
The property is located at 18110 Grassy Branch Road in Westfield, Indiana (46074). It is presented as an exclusive sale listing for an operator-focused, long-term leased asset.
For buyers seeking a stabilized, income-producing investment with a dedicated tenant, this school building provides a clear, contracted occupancy profile through the 15-year term. The Modified Triple Net framework shifts many operating cost responsibilities to the tenant, aligning the property with investors who prefer lease-structured risk and defined rent escalations. Lease start timing and the existing rent schedule should be reviewed in connection with underwriting and financing assumptions.
The property is located at 18110 Grassy Branch Road in Westfield, Indiana (46074). It is presented as an exclusive sale listing for an operator-focused, long-term leased asset.
For buyers seeking a stabilized, income-producing investment with a dedicated tenant, this school building provides a clear, contracted occupancy profile through the 15-year term. The Modified Triple Net framework shifts many operating cost responsibilities to the tenant, aligning the property with investors who prefer lease-structured risk and defined rent escalations. Lease start timing and the existing rent schedule should be reviewed in connection with underwriting and financing assumptions.
Key Highlights
- 10,875 rentable SF building on an estimated 2.06‑acre parcel at 18110 Grassy Branch Road, Westfield, IN 46074
- Dedicated education operator under a 15‑year Modified Triple Net (MNN) lease
- Lease commenced 9/1/2025
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 46074, IN
42,598
Population
17,118
Households
2.5
Avg Household Size
36
Median Age
61%
College-Educated
97%
High-School Grad
36.4 sq mi
ZIP Area
1,170
Density / Sq Mi
$123,580
Median Household Income
$60,250
Median Earnings
$1,550
Median Rent
$400,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
School - 15-year Modified Triple Net lease with scheduled annual rent increases for a dedicated education operator.
Where is this school located?
The property is located at 18110 Grassy Branch Road Westfield, IN.
What is the asking price?
The asking price for this property is $6,921,428.
What are key features of this property?
This property features: 10,875 rentable SF building on an estimated 2.06‑acre parcel at 18110 Grassy Branch Road, Westfield, IN 46074; Dedicated education operator under a 15‑year Modified Triple Net (MNN) lease; Lease commenced 9/1/2025
