NET LEASED INVESTMENT OFFERING
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Goddard School2291 Greenfield Avenue
Noblesville, IN 46060 (Indianapolis MSA)
NET LEASED INVESTMENT OFFERING
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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
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TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
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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
NET LEASED INVESTMENT OFFERING
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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
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STAT
E RO
UTE
37
31,5
76 V
PD
AERIAL
AERIAL
NET LEASED INVESTMENT OFFERING
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12,500 SF FENCED IN PLAY AREA
SITE PLAN
SITE PLAN
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SITE
SITE
MAPS
MAPS
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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
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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
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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
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666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]
CONTACT INFORMATION
CONTACT INFORMATION
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