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Net Lease for Sale | Indianapolis MSA
 

Net Lease for Sale | Indianapolis MSA

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Net leased Goddard school property for sale

Net leased Goddard school property for sale

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    Net Lease for Sale | Indianapolis MSA Net Lease for Sale | Indianapolis MSA Document Transcript

    • NET LEASED INVESTMENT OFFERING Goddard School 2291 Greenfield AvenueNoblesville, IN 46060 (Indianapolis MSA) www.bouldergroup.com
    • TABLE OF CONTENTS NET LEASED INVESTMENT OFFERING TABLE OF CONTENTS1) Confidentiality & Disclaimer2) Executive Summary3) Property Overview4) Aerial5) Site Plan6) Maps7) Tenant Profile8) Demographic Comparison Report9) Location Overview10) Contact Information www.bouldergroup.com
    • CONFIDENTITALITY & DISCLAIMER NET LEASED INVESTMENT OFFERING CONFIDENTIALITY & DISCLAIMERThe information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entitywithout the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary,unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has notmade any investigation, and makes no warranty or representation. The information contained in this Offering Memorandumhas been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify,any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these mattersand makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.All potential buyers must take appropriate measures to verify all of the information set forth herein. www.bouldergroup.com
    • EXECUTIVE SUMMARY NET LEASED INVESTMENT OFFERING EXECUTIVE SUMMARYThe Boulder Group is pleased to exclusively market for sale a single tenant net leased Goddard School propertylocated within the Indianapolis MSA. The property is located in the affluent suburb of Noblesville, which has averagehousehold incomes in excess of $92,000 within five miles of the property. Goddard School is a preschool for childrensix weeks to six years old and has over 386 locations across 34 states.The property is located on Greenfield Avenue just north of State Route 37, which experience traffic volumes in excessof 21,000 vehicles per day. Highway 37 is the primary retail thoroughfare in the area and is home to Town andCountry Plaza Shopping Center, Stone Creek Commons and Stony Creek Marketplace approximately one mile northof the property. Retailers within these centers include Wal-Mart Supercenter, Kohl’s and Staples, Lowe’s, OfficeDepot and hhgregg, Meijer, Best Buy, TJMaxx and PetSmart. The Goddard School is further benefited by multipleresidential communities in the immediate area.Goddard School’s original lease term was for 15 years and the lease expires in January 2018. The lease featuresone 5-year renewal option with a 15% rental escalation. Goddard School is a privately-held company with over 386locations in 34 states. INVESTMENT HIGHLIGHTS • Located within the Indianapolis MSA • Close proximity to State Route 37 (31,000 VPD) • Population in excess of 106,000 within five miles of the property • Average household income in excess of $92,000 within five miles of the property • Nearby retailers include Wal-Mart Supercenter, Kohl’s, Lowe’s and Meijer • 15% rental escalation in the option period www.bouldergroup.com
    • PROPERTY OVERVIEW NET LEASED INVESTMENT OFFERING PROPERTY OVERVIEWPrice: $1,798,864Cap Rate: 9.25%Net Operating Income: $166,395Renewal Options: One 5-Year with a 15% rental escalationLease Commencement Date: February 1, 2003Lease Expiration Date: January 31, 2018Year Built: 2003Tenant: Goddard SchoolGuarantor: Fuller FamilyLease Type: NN (Roof & Structure)Rentable Square Feet: 8,000Land Size: 1.92 acres www.bouldergroup.com
    • AERIALNET LEASED INVESTMENT OFFERING AERIAL PD 37 31,5 OUTE 76 V TE R S TA www.bouldergroup.com
    • SITE PLANNET LEASED INVESTMENT OFFERING SITE PLAN 12,500 SF FENCED IN PLAY AREA www.bouldergroup.com
    • MAPSNET LEASED INVESTMENT OFFERING MAPS S IT E S IT E www.bouldergroup.com
    • TENANT PROFILE NET LEASED INVESTMENT OFFERING TENANT PROFILEThe Goddard School is a preschool for children six weeks to six years old. Goddard school is headquartered in Kingof Prussia, Pennsylvania and has over 386 franchised locations across 34 states. As of January 2012, The GoddardSchool is accredited by Middle States Association of Colleges and Schools. Goddard School is also recognized by21st Century Skills, National Association for the Education of Young Children and AdvancED. Goddard Schoolsare franchised by Goddard Systems, Inc. (GSI) and have an on-site owner and educational director. The GoddardSchool has a unique approach to learning based on widely accepted childhood development and brain-basedlearning research. Goddard School fosters the cognitive and social development of each child through curriculathat is child-inspired and teacher led, child-focused lesson plans, child-centered learning and teachable momentsand daily activity reports. Website: www.goddardschool.comNumber of Locations: 336+ www.bouldergroup.com
    • DEMOGRAPHIC COMPARISON REPORT NET LEASED INVESTMENT OFFERING DEMOGRAPHIC COMPARISON REPORTPopulation 1-mi 3-mi 5-miTotal Population 4,151 47,598 121,134Total Households 1,313 15,352 38,145IncomeMedian Household Income $69,679 $61,874 $74,295Average Household Income $88,135 $79,777 $92,718 www.bouldergroup.com
    • LOCATION OVERVIEW NET LEASED INVESTMENT OFFERING LOCATION OVERVIEW Noblesville is located within the Indianapolis MSA and is the county seat of Hamilton County. At the time of the 2010 U.S. Census Noblesville had a population of 51,969, making it the 14th largest city in the state of Indiana. Indianapolis is the capital city of Indiana and the county seat of Marion County. At the time of the 2010 U.S. Census the city had a population of 829,718 and the Indianapolis metropolitan statistical areahad a population of 1,756,241. Indianapolis is the twelfth largest city in the United States and one of the fastest growingmetropolitan areas in the country. Forbes ranked Indianapolis as one of the best downtowns in the United States withmore than 200 retail shops, more than 35 hotels, 300 restaurants, movie theaters, sports venues, museums and artgalleries.www.cityofnoblesville.org Indianapolis is the capital city of Indiana and the county seat of Marion County. At the time of the 2010 U.S. Census the city had a population of 829,718 and the Indianapolis metropolitan statistical area had a population of 1,756,241. Indianapolis is the twelfth largest city in the United States and one of the fastest growing metropolitan areas in the country. Forbes ranked Indianapolis as one of the best downtowns in the United States with more than 200 retail shops, more than 35 hotels, 300 restaurants, movie theaters, sports venues, museums and art galleries.Indianapolis is second only to Washington, D.C. for the number of monuments inside city limits. These monumentsinclude The Soldiers’ and Sailor’s Monument, Indiana World War Memorial Plaza, and the Medal of Honor Memorialamongst others. Indianapolis has a diversified economy, contributing to the fields of education, health careand finance. Many of Indiana’s largest companies are headquartered in Indianapolis, including pharmaceuticalmanufacturer Eli Lilly and Company, Marsh Supermarkets, Finish Line and hhgregg Inc. The city is also hometo a number of collegiate and professional sporting events including, the men’s and woman’s NCAA basketballtournament, the Indianapolis 500 and Indianapolis hosted the 2012 NFL Super Bowl. Additionally, IndianapolisInternational Airport serves as the second largest FedEx operation in the world and the airport completed a $1.1billion renovation was completed in 2008.www.indy.gov www.bouldergroup.com
    • CONTACT INFORMATION NET LEASED INVESTMENT OFFERING CONTACT INFORMATION 666 Dundee Road, Suite 1801 Northbrook, IL 60062Randy Blankstein Jimmy GoodmanPresident Partner847.562.0003 847.562.8500rblank@bouldergroup.com jimmy@bouldergroup.com www.bouldergroup.com