7651 Beechwood Ctr Rd Avon, IN 46123-5525

Property Details for 7651 Beechwood Ctr Rd

Year built

2009

Construction

TYPE NOT SPECIFIED

Lot size

3.17 lot acres

Property size

17,704 SF

Property type

Office Properties & Spaces

APN

32-10-02-476-005.000-031

APU

321002476005000031

Description

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.

Location Insight

City

Avon

County

Hendricks

State

Indiana

Longitude

-86.3862

Latitude

39.7666

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments