For Sale
$5,085,000

13650 Bent Grass Ln Fishers, IN 46038

10,000 SF NNN Leased Daycare

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity: a 10,000-square-foot, single-tenant net-leased daycare center in Fishers, Indiana. This property, built in 2023, boasts a 20-year lease (commencing January 1, 2023, and expiring December 31, 2042) with The Learning Experience, a nationally recognized brand with over 450 locations. The lease includes 11% rental increases every five years, providing a strong hedge against inflation. The property features a 7.25% cap rate and a current NOI of $368,500, with an asking price of $5,085,000 ($508.50 per square foot). Situated on a 1.31-acre lot (APN: 29-11-19-067-002.000-006) at 13650 Bent Grass Ln, Fishers, IN 46038, this high-profile location enjoys excellent visibility along Indiana State Road 37, a major retail corridor with over 41,000 vehicles per day. The area is densely populated, with numerous schools and other retail establishments nearby, including a Walmart Neighborhood Market, McDonald's, and other national chains. This presents a rare opportunity to acquire a brand-new, high-performing asset with significant long-term growth potential in a thriving market. The property benefits from a strong corporate guarantee and minimal landlord responsibilities. This is a turnkey investment ideal for long-term, passive income generation.

Highlights

  • 20-year corporate lease with Learning Experience Corporation (450+ locations).
  • High-visibility location on Hwy 37, Indianapolis' main retail corridor, near Walmart and schools.
  • Strong 10-year corporate guarantee, $750k cap rate, backed by Golden Gate Capital ($19B+ market cap).
  • Located in affluent Indianapolis suburb ($145,863 average household income), strong growth potential.
  • New 2023 building with 11% annual rent bumps and a 20-year roof warranty; opening Fall 2023.
  • Nationally recognized, rapidly expanding brand, ranked among top 500 franchises, serving a dense residential area.

Property Details for 13650 Bent Grass Ln

Property type
Day care centers & nurseries, Retail properties
Square Feet
10,000 SF
Year Built
2023
Lot Size (sq. ft)
57,064 SF

Location Insight

City
Fishers
County
Hamilton
State
Indiana
Latitude
39.9865559
Longitude
-86.0028347

FAQs

What type of property is this?
Day care center & nursery - 10,000 SF NNN Leased Daycare
Where is the day care center & nursery located?
The property is located at 13650 Bent Grass Ln Fishers, IN.
What is the asking price?
The asking price for this property is $5,085,000.
What are key features of this property?
This property features: 20-year corporate lease with Learning Experience Corporation (450+ locations).; High-visibility location on Hwy 37, Indianapolis' main retail corridor, near Walmart and schools.; Strong 10-year corporate guarantee, $750k cap rate, backed by Golden Gate Capital ($19B+ market cap).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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13650 Bent Grass Ln
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