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1315 S Sherman Dr
Indianapolis, IN 46203 Near Southeast

$5,377,294 USD

Health Club For Sale  •  18,817 SF

Property Details

• Property Type Health Club
• Total Building Size 18,817 SF
• Lot Size 3.72 AC
• Building Class C
• Year Built 1972
• Cap Rate 6.80 %
• Tenancy Single
• Zoning C1

30 Transit Score

40 Walk Score

Highlights

Centria Autism is the largest ABA therapy provider in Michigan and among the leading operators nationwide, serving 12 states with 120+ locations.

Centria targets neighborhood-based settings surrounded by family housing to ensure therapy is accessible and integrated within the community.

New sites' cash flow break-even in 4–8 months and stabilize within 24 months; Centria plans to open 40+ new centers nationwide by 2027.

Features a 14-year Absolute Triple Net Lease with zero landlord responsibilities and above-market 2.5% annual rent escalations.

Property is surrounded by major K–12 schools—including Carmel High (˜5,200 students), Lawrence Central, Victory College Prep, GEO Next Gen.

The broader Indianapolis metropolitan area, encompassing surrounding counties, reached a population of 1,903,000 in 2024.

Cap Rate:

6.80 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	3.7 mi
Airport	Drive	Walk	Distance
Indianapolis International	29 min	-	15.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes