The Nest Schools
$6,357,000
17313 Spring Mill Road, Westfield, IN 46074
For Sale
Retail
Free Standing
Active
Last Updated: 05/28/2025
7
Cap Rate
445,000
NOI
Details:
Cap Rate: 7%
NOI: $445,000
Building Size: 11,275 sqft
Lot Area: 1.2 sqft
Lease Type: Triple Net
Year Built: 2023
Tenancy: Single
Parking Spots: 37
Highlights:
- Brand-new 15-year 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)
- Brand-new building delivered in 2023 with new roof that has 30-year warranty in place
- Very strong guarantor – Nine-figure net worth
- Affluent parent demos – $159K average household incomes and 105K residents within a 5-mile radius of the subject property
- Adjacent to heavily trafficked Meijer location – ranked in the top 2% of grocery stores nationwide in terms of annual visits per Placer.ai
- Just 2 miles from Grand Park – a 400-acre sports campus with 31 multi-purpose fields and 26 baseball/softball diamonds drawing 2.5 million visitors per year
Description:
A 15-year corporate Nest School lease featuring 2% annual rental increases and backed by an ultra-high net worth guarantor. Subject property is adjacent to a heavily trafficked Meijer location ranked in the top 2% of grocery stores nationwide in terms of annual visits per Placer.ai.
Documents:
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TheNestSchools_WestfieldIN.pdf
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Location
Gallery
