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The Learning Experience 7154 S Northfield Dr 10,000 SF Retail Building Brownsburg, IN 46112 $6,894,900 CAD ($689.49 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- Located in an Affluent Indianapolis Suburb with Average Household Income of +/-$140,000
- Brownsburg is one of the fastest-growing communities in the state and recognized by CNN's Money magazine for being the "Best Places to Live
- 11% Rental Increases Every 5 Years and Each Renewal Option
- Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
EXECUTIVE SUMMARY
The Klink Group of Marcus & Millichap is pleased to present for sale The Learning Experience located in Brownsburg, Indiana, an affluent and fast-growing Indianapolis suburb. The Property features a brand-new, 20-year passive lease that commenced in September of 2024 and offers 11% rental escalators every five years throughout the base term and renewal option periods. The tenant is responsible for common area maintenance, property taxes, & insurance costs.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
2023
Price
$6,894,900 CAD
Price Per SF
$689.49 CAD
Cap Rate
7%
NOI
$482,643 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.54 AC
Zoning
C-1 - Commercial Retail
Parking
39 Spaces (3.9 Spaces per 1,000 SF Leased)
Frontage
319’ on Northfield Drive
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- The Learning Experience
- Retailer
- 10,000 SF
- $48.26 CAD
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| The Learning Experience | Retailer | 10,000 SF | $48.26 CAD | - |
PROPERTY TAXES
| Parcel Number | 32-07-26-105-005.000-016 | Improvements Assessment | $1,115,659 CAD |
| Land Assessment | $629,006 CAD | Total Assessment | $1,744,665 CAD |
PROPERTY TAXES
Parcel Number
32-07-26-105-005.000-016
Land Assessment
$629,006 CAD
Improvements Assessment
$1,115,659 CAD
Total Assessment
$1,744,665 CAD
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The Learning Experience | 7154 S Northfield Dr
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