Centria Autism – Indianapolis, IN

Centria Autism
1315 S Sherman Dr, Indianapolis, IN 46203, USA

Sands Investment Group is pleased to exclusively present for sale the 18,817 SF Centria Autism facility located at 1315 S Sherman Dr in Indianapolis, Indiana. The property is nearing completion of a remodel, including a custom tenant build-out, with rent projected to commence on 03/01/2026. The offering features a passive lease structure with residual value protection, including a 14-year Absolute Triple Net (NNN) Lease with no landlord responsibilities. The lease also provides above- market annual rent escalations of 2.5%, ensuring a secure and predictable investment opportunity.

  • The Tenant: Centria Autism is the largest ABA therapy provider in Michigan and among the leading operators nationwide, serving 12 states with 120+ locations. Owned by THL Partners, a global PE firm with 50+ years of experience, positioning Centria for aggressive growth and long-term financial stability.
  • Prime Neighborhood Location: Centria targets neighborhood-based settings surrounded by family housing to ensure therapy is accessible and integrated within the community. The area around 1315 S Sherman Dr fits an ideal model, offering dense residential neighborhoods, schools, and family-focused amenities that support strong referral potential and consistent demand for autism services.
  • Rapid Ramp-Up & Expansion Strategy: New sites’ cash flow break-even in 4–8 months and stabilize within 24 months; Centria plans to open 40+ new centers nationwide by 2027.
  • Passive Lease Structure With Residual Value Protection: Features a 14-year Absolute Triple Net Lease with zero landlord responsibilities and above-market 2.5% annual rent escalations.
  • Prime ABA Therapy Location Near Top Schools and Universities: Property is surrounded by major K–12 schools—including Carmel High (≈5,200 students), Lawrence Central, Victory College Prep, GEO Next Gen, and Purdue Polytechnic—offering a strong referral base; nearby universities like University of Indianapolis, Marian, Butler, IU Indianapolis, Purdue Indianapolis, and Ivy Tech provide access to qualified staff and collaboration opportunities.
  • Growth in Indianapolis: The broader Indianapolis metropolitan area, encompassing surrounding counties, reached a population of 1,903,000 in 2024, marking a 1.17% increase from the previous year, according to Macrotrends; this upward trend underscores the city’s expanding role as a regional hub for education, healthcare, and employment.
  • Surging Demand for ABA Therapy Services: In 2022, the global market for autism spectrum disorder therapies was valued at $1.93 billion; this market is expected to expand from $2.01 billion in 2023 to $3.42 billion by 2030.

 

In Cooperation With Sands Investment Group Indiana, LLC – Lic. #RC52000211 BoR: Andrew Ackerman – Lic. IN #RB20001918

Centria Autism
1315 S Sherman Dr, Indianapolis, IN 46203, USA

CENTRIA AUTISM

Centria Healthcare is a leading national provider of in-home pediatric therapy services, specializing in Applied Behavior Analysis (ABA) for children
diagnosed with autism spectrum disorder. The company delivers individualized, evidence-based care designed to improve developmental, behavioral, and social outcomes.
Founded with a patient-first clinical model, Centria has built a scalable platform supported by experienced clinical leadership, standardized
operating procedures, and a strong compliance framework. The company employs a multidisciplinary team of Board-Certified Behavior Analysts (BCBAs), therapists, and clinical support staff. Centria operates across multiple high-growth U.S. markets, with a focus on underserved regions where access to pediatric behavioral health services remains limited. Its national footprint and centralized infrastructure allow for
consistent service quality, operational efficiency, and continued expansion.
With long-term payor relationships, diversified referral sources, and growing demand for autism services, Centria Healthcare is positioned as a stable, mission-driven healthcare operator with strong long-term fundamentals.

Price

$5,377,294

Cap Rate

6.80%

PREMISES

18,817 SF

RENEWAL OPTIONS

1 x 10 Year Options

Lease Expiration

01/31/2040

Lease Type

Absolute NNN

RENTAL INCREASES

2.5% Annually

BROKERS

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