Property Intro
Lee & Associates is pleased to exclusively offer for sale, the fee simple interest (building and land) in a retail property
located in Greenwood, Indiana (Indianapolis MSA) (the “Property”). Built in 2002 and recently renovated, the Property
consists of a 10,240-square-foot building situated on a 2.04-acre lot.
The subject property is leased to Kid City USA, a childcare and early childhood education provider. Headquartered in
De Land, Florida, the company offers unparalleled preschool, daycare, and early childhood education in before & after
school programs. Founded in 2000, the company has grown to nearly 60 locations in Alabama, Colorado, Florida,
Georgia, Indiana, North Carolina, and Tennessee, and has reported revenues of $12 Million (Source: Zoominfo.com).
Kid City USA’s new 10 year absolute triple-net (NNN) lease commenced April 1, 2022 and features 10% rent increases
in Year 6 of the Primary Term, providing an investor with a passive income stream with rent growth.
The subject property is located on S. Park Dr, near the intersection of E. Main St and Emerson Ave, offering outstanding
visibility to combined traffic counts over 43,000 cars per day. The site is ideally situated just 1/2 mile from the on/off
ramp to Interstate 65 (100,000CPD), offering quick access to downtown Indianapolis just 13 miles to the north. This
heavily trafficked intersection has become a major retail and commuter corridor, with big-box retailers such as Sam’s
Club, Walmart, Goodwill, and Camping World. Starbucks, Chase, McDonald’s, Taco Bell, White Castle, and newly opened
locations for Wendy’s and Crew Car Wash support a huge customer draw to the trade area.
This location will be a new facility for Kid City and will provide a much-needed daycare option for the surrounding area,
which features a population of over 141,000 people with an average household income of nearly $83,000 in a 5-mile
radius of the property.
The facility is surrounded by over 55,000 rooftops but will benefit from twelve (12) new residential neighborhoods now
expanding close by. Some of the nation’s most active home builders such as Lennar, Beazer, Fischer Homes, Arbor, and
Ryan Homes are all active in the area. In addition, Premier Land Company will soon break ground on its Grand Vista
project, a nearly 250-home subdivision which will include 175 single-family houses and 83 attached two-family duplexes
on 152 acres at Worthsville Rd & Griffiths Rd.