Property summary
This exceptional investment opportunity presents a fee-simple ownership of a 17,704-square-foot school building situated on a 3.17-acre lot in Avon, Indiana. The property boasts a long-term, 20-year absolute triple-net (NNN) lease with approximately 14.6 years remaining, providing significant lease stability. The lease includes annual rental increases, capped at the lesser of the Consumer Price Index (CPI) or 2% annually, ensuring consistent income growth. Two five-year tenant renewal options further enhance the investment's security. The tenant, a premier early childhood education provider operating since 2018, currently operates over 120 locations and is projecting expansion to 150 by the end of 2024. This strong, growing tenant is backed by a corporate guaranty. The property's net operating income (NOI) is $263,875, yielding a 7.00% capitalization rate. Built in 2009, the school is currently 100% occupied. The asking price is $3,769,642, translating to a price per square foot of $212.93. This investment benefits from the robust growth of the childcare market, valued at $65.1 billion in 2023 and projected to compound at nearly 4% annually through 2027. The significant increase in dual-income families further strengthens the demand for childcare services. This presents a compelling opportunity for long-term, stable income generation in a thriving sector.
Property profile
VerifiedCap rate & NOI
Current use
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Daycare Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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