13650 Bent Grass LnFishers, IN 46038

Property Details for 13650 Bent Grass Ln

Year built

2022

Construction

TYPE NOT SPECIFIED

Lot size

1.30 AC

Property size (Sq ft)

10,056 SF

Property type

Office properties

APN

29-11-19-067-002.000-006

APU

291119067002000006

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,313,952

  6.5%

  $1,212,878

  7%

  $1,126,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,248,855

  Geo Method

  $1,248,855

• Alternative Use

  Use

  Valuation

  Residential

  $1,503,969

  Hospitality

  $1,377,628

  Educational

  $1,146,170

  Medical

  $1,185,588

  Retail

  $1,782,931

Location Insight

City

Fishers

County

Hamilton

State

Indiana

Latitude

39.9866

Longitude

-86.0029

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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