For Sale
$750,000

7271 Us-52New Palestine, IN 46163

Thriving daycare, strong lease, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
124
Exceptional investment opportunity: a Little Learner's Early Childhood Center in rapidly growing New Palestine, Indiana (Metro Indy area). This established daycare, operating since 2009, occupies a 3,036 square foot building situated on a 1.99-acre lot with ample parking (24 spaces). The property boasts a 100% occupancy rate, generating a strong pro-forma NOI of $60,000 and an 8% pro-forma cap rate. The asking price is $750,000, translating to $247.04 per square foot. This is an absolute NNN lease with a single tenant, providing significant investor security. The current lease has three years remaining on the initial term, followed by two five-year renewal options with built-in annual rent increases. The property is conveniently located near the I-465 and US-52 interchange, providing easy access for families. This is a turnkey investment opportunity with a proven track record and significant upside potential. The property features one single-story building. Further financial details are available upon request. The APN is 30-09-23-400-036.002-012. The address is 7271 US-52, New Palestine, IN 46163.

Highlights

  • Exceptional investment opportunity: Established daycare center in high-growth New Palestine, IN (near Indianapolis).
  • 3,036 SF building on 1.99-acre lot with 24 parking spaces.
  • 100% occupancy, $60,000 NOI, 8% cap rate, $750,000 asking price ($247/SF).
  • NNN lease with single tenant, three years remaining plus two five-year options with rent increases.
  • Convenient location near I-465 and US-52.

Property Details for 7271 Us-52

Property type
Day care centers & nurseries, Retail properties
Square Feet
3,036 SF
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
86,684 SF
Units
1

Location Insight

City
New Palestine
County
Hancock
State
Indiana
Latitude
39.730758867916
Longitude
-85.937816239893
7271 Us-52, New Palestine, Indiana

FAQs

What type of property is this?
Day care center & nursery - Thriving daycare, strong lease, excellent ROI.
Where is the day care center & nursery located?
The property is located at 7271 Us-52 New Palestine, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Established daycare center in high-growth New Palestine, IN (near Indianapolis).; 3,036 SF building on 1.99-acre lot with 24 parking spaces.; 100% occupancy, $60,000 NOI, 8% cap rate, $750,000 asking price ($247/SF).
How can I contact the broker?
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7271 Us-52
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