Child Care
The Learning Experience | Growing Indianapolis Submarket ($130K AHHI) | Next to Kroger Grocery Store
1565 W Smokey Row Rd, Greenwood (Indianapolis MSA), IN 46143
Listing Price: $5,070,000
Investment Overview
Marcus & Millichap is pleased to present for sale The Learning Experience located in the city of Greenwood, Indiana, an affluent Indianapolis suburb experiencing tremendous growth. The Property features a brand-new, 20-year passive lease that commenced in September of 2023 and offers 11 percent rental escalators every five years throughout the base term and renewal option periods. The tenant is responsible for common area maintenance, property taxes, and insurance costs.
Built in 2023, the 10,000-square-foot facility (plus an additional outdoor play area) sits on 1.05 acres of prime real estate off a hard-corner intersection that provides direct access to downtown Indianapolis via Indiana State Road 135 to the north and US-31 to the east. The Property is located adjacent to a Kroger-anchored shopping center with local, regional and national retailers as well as many current and proposed residential and commercial developments. Within one mile of the Property, approximately 300 acres of residential neighborhoods are currently under construction by Lennar Homes, Arbor Homes and Silverthorne Homes. The southwest corner of Smokey Row Road and IN-135 is slatted to become a new concept Meijer store and a retail shopping center called Somerset Shoppes.
The Learning Experience | Growing Indianapolis Submarket ($130K AHHI) | Next to Kroger Grocery Store
Investment Highlights
- Tenant is Responsible for Common Area Maintenance, Property Taxes, Insurance, HVAC and Parking Lot
- Surrounded by Various Residential Neighborhood Developments and a Proposed Brand-New Meijer and Retail Shopping Center
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- Located Next to Center Grove Marketplace, a 120,000-Square-Foot Kroger-Anchored Retail Center
- Located in an Affluent Indianapolis Suburb with Average Household Income of Approximately $130,000
Exclusively Listed By
Child Care
The Learning Experience | Growing Indianapolis Submarket ($130K AHHI) | Next to Kroger Grocery Store
Listing Price: $5,070,000
Investment Highlights
- Tenant is Responsible for Common Area Maintenance, Property Taxes, Insurance, HVAC and Parking Lot
- Surrounded by Various Residential Neighborhood Developments and a Proposed Brand-New Meijer and Retail Shopping Center
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- Located Next to Center Grove Marketplace, a 120,000-Square-Foot Kroger-Anchored Retail Center
- Located in an Affluent Indianapolis Suburb with Average Household Income of Approximately $130,000
Investment Overview
Marcus & Millichap is pleased to present for sale The Learning Experience located in the city of Greenwood, Indiana, an affluent Indianapolis suburb experiencing tremendous growth. The Property features a brand-new, 20-year passive lease that commenced in September of 2023 and offers 11 percent rental escalators every five years throughout the base term and renewal option periods. The tenant is responsible for common area maintenance, property taxes, and insurance costs. Built in 2023, the 10,000-square-foot facility (plus an additional outdoor play area) sits on 1.05 acres of prime real estate off a hard-corner intersection that provides direct access to downtown Indianapolis via Indiana State Road 135 to the north and US-31 to the east. The Property is located adjacent to a Kroger-anchored shopping center with local, regional and national retailers as well as many current and proposed residential and commercial developments. Within one mile of the Property, approximately 300 acres of residential neighborhoods are currently under construction by Lennar Homes, Arbor Homes and Silverthorne Homes. The southwest corner of Smokey Row Road and IN-135 is slatted to become a new concept Meijer store and a retail shopping center called Somerset Shoppes.
Exclusively Listed By
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