Retail Business for Sale in Lafayette, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Lafayette, IN 47909

Description

Marcus & Millichap is proud to offer fee simple ownership of the KinderCare Learning Center property located along Brothers Drive in Lafayette, Indiana. KinderCare has continuously operated at this location for over 40 years and recently exercised an option with the scheduled 5% rent increase. The lease expires January 31st, 2028, and offers 5% rent increases at each of the remaining two 3-year options. A landlord benefits from the absolute NNN lease structure with zero responsibility offering a truly passive investment. KinderCare pays below market rent at just $7.51/SF. Over 75,000 residents reside within 3 miles of the subject property, with population growth of 3% projected over the next five years, according to CoStar. Lafayette, Indiana is home to Purdue University with a student body of 50,000 and approximately 2,000 employees. Other major employers in the area include Subaru of Indiana Automotive, Caterpillar, Franciscan Health and IU Health Arnett Hospital. Investment Highlights: • Completely Passive Absolute NNN Lease Structure – Zero Landlord Responsibilities • Corporate Guarantee (Over 2,300 Locations Across 41 States) – Largest Provider of Early Education and Child Care in the United States • Dense Submarket - 75,000+ People Within 3 Miles and 131,000+ Within 5 Miles • Extremely Low Rent, Priced Below Replacement Cost - KinderCare Presently Pays Just $7.51/SF, CoStar Estimates Market Rents at $15/SF

Market Context

This retail in Lafayette, IN is listed for sale. It is offered at an approximate 7.4% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Lafayette, IN — <a href="/search/sale/retail/indiana/lafayette">view the full market</a>.

Contact

Explore this market

Similar Retail Business for Sale in Lafayette, IN