The Learning Experience | 13650 Bent Grass
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The Learning Experience 13650 Bent Grass
10,000 SF Retail Building Fishers, IN 46038 $5,085,000 ($508.50/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare 20 Yr. Corp Lease by Learning Experience Corporation - 450+ Locations - Best in Class Brand
- Strong 10 Year Corp Guarantee ($750k CAP) - Subsidiary of Golden Gate Capital ($19B+ Market Cap)
- Brand New 2023 Prototype with 11% Rent Bumps - 20 Year Roof Warranty - Scheduled Open Fall 2023
- High Profile Site along Hwy 37 (Main Retail Corridor) in Heart of City - Near Walmart Market/Schools
- Affluent Suburb of Indianapolis ($145,863 HHI) - State Capital/12th Largest City in U.S. - Huge Growth
- Nation’s Fastest Growing Brand! - “Annual Franchise Top 500 List” - Dense Residential Trade Area
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant net leased investment that is fully occupied by The Learning Experience (“TLE” – corporate) on a brand new 20-year lease. This brand new 2023 construction provides investors long term secure cash flow with a hedge against inflation with 11% rental increases every 5 years.
Located in Fishers, IN, this property is within 20 miles of downtown Indianapolis. The greater Indianapolis area has a population of over 1.8 million with steady growth over the past 20 years. Situated on Indiana State Road 37, this property sees 41,000+ VPD and is easily accessed from E 135th St, a large signalized intersection. Many schools surround this site including New Britton Elementary School, Fishers Jr. and Sr. High Schools, and Cumberland Elementary School, totaling 5,900+ students. Many retailers have found this area attractive including Walmart Neighborhood Market, McDonald’s, Popeyes Louisiana Kitchen, Arby’s, and Texas Roadhouse.
This is an excellent opportunity to purchase a brand-new construction, single tenant net leased investment on a new 20-year lease with 11% rental increases with two 5-year options and minimal landlord obligations.
Located in Fishers, IN, this property is within 20 miles of downtown Indianapolis. The greater Indianapolis area has a population of over 1.8 million with steady growth over the past 20 years. Situated on Indiana State Road 37, this property sees 41,000+ VPD and is easily accessed from E 135th St, a large signalized intersection. Many schools surround this site including New Britton Elementary School, Fishers Jr. and Sr. High Schools, and Cumberland Elementary School, totaling 5,900+ students. Many retailers have found this area attractive including Walmart Neighborhood Market, McDonald’s, Popeyes Louisiana Kitchen, Arby’s, and Texas Roadhouse.
This is an excellent opportunity to purchase a brand-new construction, single tenant net leased investment on a new 20-year lease with 11% rental increases with two 5-year options and minimal landlord obligations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2023
Price
$5,085,000
Price Per SF
$508.50
Cap Rate
7.25%
NOI
$368,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.30 AC
Zoning
C - Commercial
Parking
12 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
167’ on Bent Grass Lane
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-11-19-067-002.000-006 | Improvements Assessment | $1,690,400 |
| Land Assessment | $428,000 | Total Assessment | $2,118,400 |
PROPERTY TAXES
Parcel Number
29-11-19-067-002.000-006
Land Assessment
$428,000
Improvements Assessment
$1,690,400
Total Assessment
$2,118,400
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The Learning Experience | 13650 Bent Grass
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