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The Learning Experience 7154 S Northfield Dr 10,000 SF Retail Building Brownsburg, IN 46112 $6,706,377 CAD ($670.64 CAD/SF) 7.10% Cap Rate
Investment Highlights
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- Minimal Landlord Responsibilities (Roof & Structure – Long-Term Roof Warranty in Place)
- Brownsburg is one of the fastest-growing communities in Indiana
- 11% Rental Increases Every 5 Years and Each Renewal Option
- Affluent Indianapolis Suburb with Average Household Income of +/-$140,000
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
2023
Price
$6,706,377 CAD
Price Per SF
$670.64 CAD
Cap Rate
7.10%
NOI
$476,112 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 Type
- Lease End
- The Learning Experience
- Educational Services
- 10,000 SF
- $47.70 CAD
- Double Net
- Sep 2044
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| The Learning Experience | Educational Services | 10,000 SF | $47.70 CAD | Double Net | Sep 2044 |
Property Taxes
| Parcel Number | 32-07-26-105-005.000-016 | Improvements Assessment | $1,418,804 CAD |
| Land Assessment | $624,433 CAD | Total Assessment | $2,043,237 CAD |
Property Taxes
Parcel Number
32-07-26-105-005.000-016
Land Assessment
$624,433 CAD
Improvements Assessment
$1,418,804 CAD
Total Assessment
$2,043,237 CAD
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The Learning Experience | 7154 S Northfield Dr
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