9910 Geist Crossing DrIndianapolis, IN 46256

Property Details for 9910 Geist Crossing Dr

Year built

1997

Construction

WOOD

Lot size

1.75 AC

Property size (Sq ft)

19,296 SF

Zone code

ZO01

Property type

Office properties

APN

49-01-20-116-005.000-400

APU

490120116005000400

Description

Exceptional investment opportunity: a 17,060-square-foot freestanding Guidepost Montessori school in Indianapolis, Indiana, is available for purchase. This property boasts a 20-year net lease with a prominent, financially stable tenant, featuring 2% annual rent increases. The lease is a corporate NNN lease, providing significant security for the investor. Built in 2021 on a 1.75-acre lot, the property benefits from a high-income demographic area, with an average household income exceeding $154,597 within a one-mile radius. The current rent is $27 per square foot, and the asking price is $6,769,000, representing a 7.00% cap rate and a NOI of $473,814. The lease includes four, five-year renewal options. The tenant, Guidepost Montessori, is the largest Montessori school operator in the United States, demonstrating significant financial backing and consistent growth. The school currently has a waiting list, indicating strong demand and future growth potential. This property offers a compelling combination of strong tenant performance, long-term lease security, and attractive financial metrics.

• CAP approach

  CAP return

  Valuation

  6%

  $2,623,466

  6.5%

  $2,421,661

  7%

  $2,248,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,396,370

  Geo Method

  $2,396,370

• Alternative Use

  Use

  Valuation

  Residential

  $3,002,860

  Hospitality

  $2,750,604

  Educational

  $2,288,470

  Medical

  $2,367,174

  Retail

  $3,559,842

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.9

Longitude

-85.9926

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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