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10216 N Michigan Rd
Carmel, IN 46032 Carmel

$6,143,000 USD

Daycare Center For Sale  •  10,985 SF

Property Details

• Property Type Daycare Center
• Total Building Size 10,985 SF
• Lot Size 1.41 AC
• Building Class B
• Year Built 2023
• Cap Rate 7.00 %

0 Transit Score

40 Walk Score

Highlights

Brand-new 15-year corporate lease featuring 2% annual rental increases

Three, 5-year options to extend the lease at increased rents

Lease is guaranteed by tenant’s ultra-high net worth founder (contact Agent for more details)

Recent build-to-suit construction with new roof that has membrane (~13 years remaining) and shingles (lifetime) warranties in place

Extremely affluent parent demos – $247K average household incomes within a 1-mile radius of the subject property

Adjacent to West Carmel Marketplace – a 325,000+ SF center that ranks in the top 10% of shopping centers in Indiana in terms of annual visits per Plac

Property Flyers

TheNestSchools_CarmelIN

Cap Rate:

7.00 %

Public Transportation

Airport	Drive	Walk	Distance
Indianapolis International	40 min	-	23.7 mi