Net Lease for Sale | Indianapolis MSA

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

Goddard School2291 Greenfield Avenue

Noblesville, IN 46060 (Indianapolis MSA)



1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) PropertyOverview

4) Aerial

5) SitePlan

6) Maps

7) TenantProfile

8) DemographicComparisonReport

9) LocationOverview

10) ContactInformation

TABLE OF CONTENTS

TABLE OF CONTENTS



TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER



TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantnetleasedGoddardSchoolpropertylocatedwithintheIndianapolisMSA.ThepropertyislocatedintheaffluentsuburbofNoblesville,whichhasaveragehouseholdincomesinexcessof$92,000withinfivemilesoftheproperty.GoddardSchoolisapreschoolforchildrensixweekstosixyearsoldandhasover386locationsacross34states.

ThepropertyislocatedonGreenfieldAvenuejustnorthofStateRoute37,whichexperiencetrafficvolumesinexcessof21,000vehiclesperday.Highway37istheprimaryretailthoroughfareintheareaandishometoTownandCountryPlazaShoppingCenter,StoneCreekCommonsandStonyCreekMarketplaceapproximatelyonemilenorthoftheproperty.Retailerswithinthesecenters includeWal-MartSupercenter,Kohl’sandStaples,Lowe’s,OfficeDepotandhhgregg,Meijer,BestBuy,TJMaxxandPetSmart.TheGoddardSchoolisfurtherbenefitedbymultipleresidentialcommunitiesintheimmediatearea.

GoddardSchool’soriginalleasetermwasfor15yearsandtheleaseexpiresinJanuary2018.Theleasefeaturesone5-yearrenewaloptionwitha15%rentalescalation.GoddardSchoolisaprivately-heldcompanywithover386locationsin34states.

INVESTMENT HIGHLIGHTS

•LocatedwithintheIndianapolisMSA

•CloseproximitytoStateRoute37(31,000VPD)

•Populationinexcessof106,000withinfivemilesoftheproperty

•Averagehouseholdincomeinexcessof$92,000withinfivemilesoftheproperty

•NearbyretailersincludeWal-MartSupercenter,Kohl’s,Lowe’sandMeijer

•15%rentalescalationintheoptionperiod

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY



Price: $1,798,864

CapRate: 9.25%

NetOperatingIncome: $166,395

RenewalOptions: One5-Yearwitha15%rentalescalation

LeaseCommencementDate: February1,2003

LeaseExpirationDate: January31,2018

YearBuilt: 2003

Tenant: GoddardSchool

Guarantor: FullerFamily

LeaseType: NN(Roof&Structure)

RentableSquareFeet: 8,000

LandSize: 1.92acres

PROPERTY OVERVIEW

PROPERTY OVERVIEW



STAT

E RO

UTE

37

31,5

76 V

PD

AERIAL

AERIAL



12,500 SF FENCED IN PLAY AREA

SITE PLAN

SITE PLAN



SITE

SITE

MAPS

MAPS



TheGoddardSchoolisapreschoolforchildrensixweekstosixyearsold.GoddardschoolisheadquarteredinKingofPrussia,Pennsylvaniaandhasover386franchisedlocationsacross34states.AsofJanuary2012,TheGoddardSchoolisaccreditedbyMiddleStatesAssociationofCollegesandSchools.GoddardSchoolisalsorecognizedby21stCenturySkills,NationalAssociationfortheEducationofYoungChildrenandAdvancED.GoddardSchoolsarefranchisedbyGoddardSystems,Inc.(GSI)andhaveanon-siteownerandeducationaldirector.TheGoddardSchoolhasauniqueapproachto learningbasedonwidelyacceptedchildhooddevelopmentandbrain-basedlearningresearch.GoddardSchoolfostersthecognitiveandsocialdevelopmentofeachchildthroughcurriculathatischild-inspiredandteacherled,child-focusedlessonplans,child-centeredlearningandteachablemomentsanddailyactivityreports.

Website: www.goddardschool.comNumberofLocations: 336+

TENANT PROFILE

TENANT PROFILE



Population 1-mi 3-mi 5-mi

TotalPopulation 4,151 47,598 121,134TotalHouseholds 1,313 15,352 38,145

Income

MedianHouseholdIncome $69,679 $61,874 $74,295AverageHouseholdIncome $88,135 $79,777 $92,718

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT



Noblesville islocatedwithintheIndianapolisMSAandisthecountyseatofHamiltonCounty.Atthetimeofthe2010U.S.CensusNoblesvillehadapopulationof51,969,makingitthe14thlargestcityinthestateofIndiana.IndianapolisisthecapitalcityofIndianaandthecountyseatofMarionCounty.Atthetimeofthe2010U.S.Censusthecityhadapopulationof829,718andtheIndianapolismetropolitanstatisticalarea

hadapopulationof1,756,241.IndianapolisisthetwelfthlargestcityintheUnitedStatesandoneofthefastestgrowingmetropolitanareasinthecountry.ForbesrankedIndianapolisasoneofthebestdowntownsintheUnitedStateswithmorethan200retailshops,morethan35hotels,300restaurants,movietheaters,sportsvenues,museumsandartgalleries.

www.cityofnoblesville.org

Indianapolis isthecapitalcityofIndianaandthecountyseatofMarionCounty.Atthetimeofthe2010U.S.Censusthecityhadapopulationof829,718andtheIndianapolismetropolitanstatisticalareahadapopulationof1,756,241.IndianapolisisthetwelfthlargestcityintheUnitedStatesandoneofthefastestgrowingmetropolitanareasinthecountry.ForbesrankedIndianapolisasoneof thebestdowntowns in theUnitedStateswithmore than200 retailshops,morethan35hotels,300restaurants,movietheaters,sportsvenues,museumsandartgalleries.

IndianapolisissecondonlytoWashington,D.C.forthenumberofmonumentsinsidecitylimits.ThesemonumentsincludeTheSoldiers’andSailor’sMonument,IndianaWorldWarMemorialPlaza,andtheMedalofHonorMemorialamongst others. Indianapolis has a diversifiedeconomy, contributing to the fields of education, health careandfinance.ManyofIndiana’slargestcompaniesareheadquarteredinIndianapolis,includingpharmaceuticalmanufacturerEliLillyandCompany,MarshSupermarkets,FinishLineandhhgreggInc.Thecityisalsohometoanumberofcollegiateandprofessionalsportingeventsincluding,themen’sandwoman’sNCAAbasketballtournament,theIndianapolis500andIndianapolishostedthe2012NFLSuperBowl.Additionally, IndianapolisInternationalAirportservesasthesecondlargestFedExoperationintheworldandtheairportcompleteda$1.1billionrenovationwascompletedin2008.

www.indy.gov

LOCATION OVERVIEW

LOCATION OVERVIEW



666DundeeRoad,Suite1801Northbrook,IL60062

Randy [email protected]

Jimmy [email protected]

CONTACT INFORMATION

CONTACT INFORMATION

Net Lease for Sale | Indianapolis MSA

Real Estate

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