7106 Governors RowAvon, IN 46123
- Office properties
- 14,940 SF
Property Details for 7106 Governors Row
- Year built
- 2010
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.00 AC
- Property size (Sq ft)
- 14,940 SF
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 32-10-14-151-002.000-031
- APU
- 321014151002000031
Description
Exceptional investment opportunity: a 17,000-square-foot daycare center in Avon, Indiana, is available for purchase. This property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $331,224. The property is situated on a 2-acre lot and features a 25-year absolute NNN lease with Children of America, a reputable childcare provider. The lease commenced July 1, 2012, and has a remaining term of approximately 12.6 years, extending to June 30, 2037. Rent increases are built in, with 2% annual bumps. The lease includes two 5-year renewal options. The building was constructed in 2010 and is zoned C-2. This investment is particularly attractive due to its location in a growing area with high household income and proximity to numerous elementary schools, making it a recession-resistant asset within a thriving childcare industry. The property's strong financials, long-term lease, and favorable location make it an ideal addition to any investment portfolio. The median income in the area is $107,000, and the property is less than 12 miles from downtown Indianapolis.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,842,917
- 6.5%
- $1,701,154
- 7%
- $1,579,643
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,286,035
- Geo Method
- $1,286,035
-
Alternative Use
- Use
- Valuation
- Residential
- $2,109,431
- Hospitality
- $1,932,227
- Educational
- $1,607,590
- Medical
- $1,662,878
- Retail
- $2,500,696
Location Insight
- City
- Avon
- County
- Hendricks
- State
- Indiana
- Latitude
- 39.7433
- Longitude
- -86.3975
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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