For Sale | Kid City USA | Long Term Triple Net (NNN)
$1,714,285
9000 Fitness Lane, Fishers, IN 46038
For Sale
Special Purpose
Active
Last Updated: 04/05/2022
7
Cap Rate
120,000
NOI
Details:
Cap Rate: 7%
NOI: $120,000
Building Size: 9,821 sqft
Lot Area: 1.71 acres
Year Built: 1998
Price Per Sqft: $174.55
Roof & Structure : Tenant's Responsibility
Repairs, Maintenance, HVAC & Utilities : Tenant's Responsibility
Property Taxes, Insurance & Common Area : Tenant's Responsibility
Highlights:
- Long-term 15 year Triple Net (NNN) Lease with zero landlord responsibilities.
- Kid City USA has been in business for more than 20 years with over 50 locations in both Florida and Indiana; They are rapidly expanding due to the quality of their programs.
- Located along a major retail corridor that sees traffic counts of over 55,700 VPD.
- Strategically located within a dense residential neighborhood with a population of over 164,909 residents making an average household income of $113,705 within a 5-mile radius.
- Nearby Feeder Elementary Schools Include: Fishers, Crestview, Mary E Castle, Lantern Road and Eman Elementary Schools.
- Easy access to HWY 69 leading south into Downtown Indianapolis - Less than a 30 minute commute.
- Fishers, a suburb of Indianapolis is growing a rapid pace; Converting from a town to a city in 2015, they got their first mayor and city council at this time.
- Indianapolis, the most populous city in Indiana, has a MSA population of 2.4 million and is home to 3 fortune 500 companies, the world’s largest children’s museum and most importantly the Indianapolis 500.
- Nearby Tenants Include: Walmart Supercenter, Fry’s, Party City, Meijer, Kohl’s, Sam’s Club, Menards, Stanley Security Global Headquarters, IHOP, Chase, Starbucks, Dunkin’, Applebee’s, IKEA and More
Description:
We Are Pleased to Offer For Sale the 9,821 SF Kid City USA Located at 9000 Fitness Lane in Fishers, Indiana. This Opportunity Includes a Long-Term 15 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secure Investment.
IN COOPERATION WITH: LATITUDE COMMERCIAL REALTY, INC. IN Lic. # RC50900583
2342 Cline Avenue Schererville, IN 46375
Documents:
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Offering Memorandum |
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