9910 Geist Crossing DrIndianapolis, IN 46256

For Sale
$6,769,000

High-yield NNN lease, strong tenant.

Overview

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

Highlights

  • 20+ years remaining on a corporate NNN lease with 2% annual rent increases.
  • High occupancy; tenant has a waiting list.
  • Strong value; $27/SF rent and price per square foot below $400.
  • Tenant recently expanded to meet demand.
  • Guidepost Montessori, the largest US operator, provides financial strength and growth potential.
  • High-income area; average household income exceeds $154,597 within one mile.

Property Details for 9910 Geist Crossing Dr

Property type
Day care centers & nurseries, Other retail properties
Square Feet
17,060 SF
Year Renovated
2021
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.9000182
Longitude
-85.9926138
9910 Geist Crossing Dr, Indianapolis, Indiana

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9910 Geist Crossing Dr
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