The Nest Schools
$6,143,000
10216 North Michigan Road, Carmel, IN 46032
For Sale
Retail
Free Standing
Active
Last Updated: 12/03/2025
7
Cap Rate
430,000
NOI
Details:
Cap Rate: 7%
NOI: $430,000
Building Size: 10,985 sqft
Lot Area: 1.41 acres
Lease Type: Triple Net
Year Built: 2023
Tenancy: Single
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 Placer.ai
Description:
A 15-year corporate Nest School lease featuring 2% annual rental increases and backed by an ultra-high net worth guarantor. The subject property is located next 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 Placer.ai.
Documents:
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TheNestSchools_CarmelIN.pdf
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* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
