7106 Governors RowAvon, IN 46123

For Sale
$4,730,000

High-yield, NNN-leased daycare center

Overview

Added:
Dec 11, 2024
Days on market:
91
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.

Highlights

  • Children of America daycare center tenant.
  • Absolute NNN lease; zero landlord responsibilities; 12+ years remaining lease term.
  • Long-term tenant with recent 10-year lease extension.
  • Strong rent-to-EBITDA ratio.
  • Investment in a growing childcare sector.
  • Located near major education hub with approximately 10 nearby elementary schools.

Property Details for 7106 Governors Row

Property type
Day care centers & nurseries, Other retail properties
Square Feet
17,000 SF
Year Built
2010
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Avon
County
Hendricks
State
Indiana
Latitude
39.7433084
Longitude
-86.3976225
7106 Governors Row, Avon, Indiana

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7106 Governors Row
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