Child Care Education
For Sale
Contact for pricing
4402 East 62nd St, Indianapolis, IN 46220
Privately owned early childhood education centers offering programs for children from six weeks to 12 years old.
Property SizeContact for details
Days on Market121
Property Features for 4402 East 62nd St
General Information
Standard status
Active
Property subtype
Special Purpose
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #MI 6501323470
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 5:41PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
KinderCare Learning Centers operates for-profit child care and early childhood education facilities. The educational programs serve children from six weeks to 12 years old. The KinderCare properties have been successfully operating for many years and recently received over $300,000 in repairs and aesthetic improvements.
The ownership negotiated early lease renewals in September 2016, with tenant exercised 6.5-year lease extensions on all of the properties. In return for the term extensions, the leases were changed from true triple net to double net (NN) in nature, with no rent concessions provided. Each lease includes set rental increases every few years, except for the East 75th Street location, which is flat through 2030.
Under the NN structure described, the landlord is responsible for capital replacements to the roof, structure, and parking lot, as well as snow removal and landscaping. The snow and landscaping contract for all five locations totals just under $400 per month per property.
The ownership negotiated early lease renewals in September 2016, with tenant exercised 6.5-year lease extensions on all of the properties. In return for the term extensions, the leases were changed from true triple net to double net (NN) in nature, with no rent concessions provided. Each lease includes set rental increases every few years, except for the East 75th Street location, which is flat through 2030.
Under the NN structure described, the landlord is responsible for capital replacements to the roof, structure, and parking lot, as well as snow removal and landscaping. The snow and landscaping contract for all five locations totals just under $400 per month per property.
Key Highlights
- KinderCare operates for‑profit early childhood education for children ages 6 weeks to 12 years.
- Properties received over $300,000 in repairs and aesthetic improvements.
- In September 2016, tenant executed 6.5‑year lease extensions on all properties and switched leases from true triple net to double net (NN).
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46220, IN
36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
Median Home Value
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Similar Off Market Nearby
- Gerlenscia Germain — 6219 Parliament Dr, Indianapolis, IN 46220
- Epworth Week Day Child Ministries — 6450 Allisonville Rd, Indianapolis, IN 46220
- East 62nd KinderCare — 4402 E 62nd St, Indianapolis, IN 46220
- Storybook Academy — 6005 Pembroke Pl, Indianapolis, IN 46220
- Stepping Stones Child Care — 5060 E 62nd St, Indianapolis, IN 46220
Frequently Asked Questions
What type of property is this?
Day care center - Privately owned early childhood education centers offering programs for children from six weeks to 12 years old.
Where is this day care center located?
The property is located at 4402 East 62nd St Indianapolis, IN.
What are key features of this property?
This property features: KinderCare operates for‑profit early childhood education for children ages 6 weeks to 12 years.; Properties received over $300,000 in repairs and aesthetic improvements.; In September 2016, tenant executed 6.5‑year lease extensions on all properties and switched leases from true triple net to double net (NN).
