1565 Smokey Row - Day Care Center FOR SALE


Greenwood, IN 46143
$5,070,000 USD
317-218-5316
1565 Smokey Row, Greenwood, IN for Sale
$5,070,000 USD
Day Care Center - FOR SALE
1/3
null | 7.15% Cap Rate

1565 Smokey Row
Greenwood, IN 46143


HIGHLIGHTS

  • Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
  • 20 Year Base Lease Term with Two, Five-Year Options to Renew
  • 11% Rental Increases Every 5 Years and Each Renewal Option

OVERVIEW

The Klink Group of 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 May of 2023 and offers 11% rental escalators every five years throughout the base term and renewal option periods.

FOR SALE DETAILS

PRICE

$5,070,000 USD

PRICE/SF

$507 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C-1

APN/PARCEL ID

41-04-24-022-015.000-040

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.