7651 Beechwood Centre RdAvon, IN 46123

For Sale
$3,769,642

17,704 SF School, 7% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a fee-simple ownership of a 17,704-square-foot school building situated on a 3.17-acre lot in Avon, Indiana. The property boasts a long-term, 20-year absolute triple-net (NNN) lease with approximately 14.6 years remaining, providing significant lease stability. The lease includes annual rental increases, capped at the lesser of the Consumer Price Index (CPI) or 2% annually, ensuring consistent income growth. Two five-year tenant renewal options further enhance the investment's security. The tenant, a premier early childhood education provider operating since 2018, currently operates over 120 locations and is projecting expansion to 150 by the end of 2024. This strong, growing tenant is backed by a corporate guaranty. The property's net operating income (NOI) is $263,875, yielding a 7.00% capitalization rate. Built in 2009, the school is currently 100% occupied. The asking price is $3,769,642, translating to a price per square foot of $212.93. This investment benefits from the robust growth of the childcare market, valued at $65.1 billion in 2023 and projected to compound at nearly 4% annually through 2027. The significant increase in dual-income families further strengthens the demand for childcare services. This presents a compelling opportunity for long-term, stable income generation in a thriving sector.

Highlights

  • Strong, established tenant: Premier Early Childhood Education, operating successfully since 2018.
  • Tenant/guarantor operates a large portfolio of 120 locations, with significant expansion underway.
  • Tenant projects continued growth to 150 locations by the end of 2024.

Property Details for 7651 Beechwood Centre Rd

Property type
Other specialty properties, Schools
Square Feet
17,704 SF
Year Built
2009
Lot Size (sq. ft)
138,085 SF

Location Insight

City
Avon
County
Hendricks
State
Indiana
Latitude
39.7666181
Longitude
-86.3862972
7651 Beechwood Centre Rd, Avon, Indiana

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7651 Beechwood Centre Rd
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