Office
Family Development Services
5520 W 38th St, Indianapolis, IN 46254
Listing Price: $1,060,000
Investment Overview
Single-Tenant Net-Lease providing passive ownership with a notable tenant in the State of Indiana. Family Development Services is among the most recognized and deeply embedded nonprofit operators in Indiana, holding exclusive federal designation as the Head Start provider for both Marion and Hamilton Counties. Investors acquire fee-simple ownership with zero management responsibilities, while a federally funded, mission-critical tenant handles all day-to-day operations — delivering the purest form of passive net lease income available in today’s market.
Tenant Operates within a Recession-Resistant Sector FDS operates under the federal Head Start and Early Head Start programs, administered by the U.S. Department of Health & Human Services. Unlike retail or office tenants whose revenues contract during economic downturns, demand for Head Start services is countercyclical — enrollment eligibility expands as unemployment rises, ensuring the tenant’s operational need for this space remains constant or increases precisely when broader real estate markets soften.
Tenant Recently Completed a Revamp of the Space of Over $1,000,000 Family Development Services has recently completed a comprehensive renovation of the subject property, investing over $1,000,000 of tenant capital into the space. This level of financial commitment to a specific location is one of the most reliable leading indicators available in net lease underwriting — tenants who invest at this scale do not relocate. The improvements further extend the functional life of the asset and directly reinforce the investor’s long-term income thesis
Long Standing Tenancy with Current Tenant FDS has maintained a continuous, long-standing occupancy at this location, establishing itself as a deeply rooted community anchor on Indianapolis’s northwest side. Demonstrated tenancy of this nature is increasingly rare in the net lease sector and commands a meaningful premium — an investor is not underwriting a new lease or a speculative renewal, but rather a proven, established operator with every operational and financial incentive to remain in place for years to come.
Investment Highlights
- STNL Providing Passive Ownership with a Notable Tenant in the State of Indiana
- Tenant Operates within a Recession-Resistant Sector
- Tenant Recently Completed a Revamp of the Space of Over $1,000,000
- Long Standing Tenancy with Current Tenant
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Listing Price: $1,060,000
Investment Highlights
- STNL Providing Passive Ownership with a Notable Tenant in the State of Indiana
- Tenant Operates within a Recession-Resistant Sector
- Tenant Recently Completed a Revamp of the Space of Over $1,000,000
- Long Standing Tenancy with Current Tenant
Investment Overview
Single-Tenant Net-Lease providing passive ownership with a notable tenant in the State of Indiana. Family Development Services is among the most recognized and deeply embedded nonprofit operators in Indiana, holding exclusive federal designation as the Head Start provider for both Marion and Hamilton Counties. Investors acquire fee-simple ownership with zero management responsibilities, while a federally funded, mission-critical tenant handles all day-to-day operations — delivering the purest form of passive net lease income available in today’s market. Tenant Operates within a Recession-Resistant Sector FDS operates under the federal Head Start and Early Head Start programs, administered by the U.S. Department of Health & Human Services. Unlike retail or office tenants whose revenues contract during economic downturns, demand for Head Start services is countercyclical — enrollment eligibility expands as unemployment rises, ensuring the tenant’s operational need for this space remains constant or increases precisely when broader real estate markets soften. Tenant Recently Completed a Revamp of the Space of Over $1,000,000 Family Development Services has recently completed a comprehensive renovation of the subject property, investing over $1,000,000 of tenant capital into the space. This level of financial commitment to a specific location is one of the most reliable leading indicators available in net lease underwriting — tenants who invest at this scale do not relocate. The improvements further extend the functional life of the asset and directly reinforce the investor’s long-term income thesis Long Standing Tenancy with Current Tenant FDS has maintained a continuous, long-standing occupancy at this location, establishing itself as a deeply rooted community anchor on Indianapolis’s northwest side. Demonstrated tenancy of this nature is increasingly rare in the net lease sector and commands a meaningful premium — an investor is not underwriting a new lease or a speculative renewal, but rather a proven, established operator with every operational and financial incentive to remain in place for years to come.
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