KinderCare – North Indianapolis, IN

KinderCare
91 W 91st St, Indianapolis, IN 46260, USA

Sands Investment Group is pleased to exclusively offer for sale the 14,820 SF KinderCare NNN Asset located at 91 W 91st Street in Indianapolis, IN. This opportunity features ~11 years remaining on a Triple Net (NNN) Lease with 2% annual rent escalations, providing stable and growing cash flow. Strategically positioned within the highly desirable 91st Street corridor, the property benefits from strong demographics, established family-oriented neighborhoods, and consistent demand for quality childcare services, making it an attractive long-term investment opportunity.

  • KinderCare is the largest provider of early education and child care, operating more than 2,700 centers nationwide.
  • Indianapolis, the state’s capital, continues to experience robust economic growth driven by multi-billion-dollar investments in healthcare and life sciences, transformative mixed-use developments, major convention and tourism infrastructure expansion, and sustained industrial growth.
  • ~11 years remaining on Triple Net (NNN) Lease with 2% annual rent escalations.
  • The average household income is $135,394, and there are 175,505 residents within a 5-mile radius.
  • 7 elementary feeder schools within a 5-mile radius.
  • Located in the 91st street corridor, one of Indianapolis’ most established family-oriented residential zones with strong concentrations of single-family housing, stable incomes, and consistent demand for full-time childcare.
  • The city continues to add substantial residential density through downtown redevelopment projects, with thousands of new apartment units delivered or planned across mixed-use districts such as Bottleworks, Market East, and 16 Tech.

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

KinderCare
91 W 91st St, Indianapolis, IN 46260, USA

KinderCare

KinderCare Learning Companies is one of America’s largest providers of early childhood and school-age education and childcare. KinderCare supports hardworking families with differentiated flexible childcare solutions to meet today’s dynamic work environment in 40 states and the District of Columbia: In neighborhoods, with KinderCare Learning Centers that offer early childhood education and childcare for children six weeks to 12 years old; At work, through KinderCare Education at Work, providing customized family benefits for employers across the country, including on-site and near-site early learning centers and backup care for last-minute childcare, and In local schools, with Champions® before and after-school programs. Headquartered in Portland, Oregon, KinderCare operates more than 2,700 early learning centers and sites. In 2022, KinderCare earned its sixth Gallup Exceptional Workplace Award – one of only four companies worldwide to win this award for six consecutive years. They are also proud to include Cambridge Schools, Knowledge Beginnings, the Grove School, and Rainbow Child Care Center in our community of learning. KinderCare Learning Companies (NYSE: KLC) reported $2.66 billion in gross revenue for 2024.

Price

$4,822,003

Cap Rate

6.75%

PREMISES

14,820 SF

YEAR BUILT

2022

RENEWAL OPTIONS

1 x 10 and 1 x 5 Year Options

Lease Expiration

01/31/2037

Lease Type

NNN

RENTAL INCREASES

2% Annually

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