KINDERCARE NNN PORTFOLIO
CITY
Noblesville
OPEN
STATE DATE
IN
Aug-07
LEASE TERM
AGE
REMIANING ~l
3.11
11.93
NEXT RENT
INCREASE
Sep-12
INITIAL LEASE TERM
EXPIRATION
Aug-22
SQ. FT.
RENT
RENT PSF Value (7.5 CAPl
8,200 $140,224
$17.10
$1,869,653.33
Noblesville, IN
KinderCare Learning Centers
Lease Summary
KinderCare
Tenant:
NNN
Lease Type:
$140,224
Rent
8,200
Square Feet
Lease Commencement:
August-O?
Lease Expiration:
August-22
Initial Lease Term Remaining
Rent Increases
(Yrs):
11.93
The lesser of CPI or 7% every 5 years
4 x 5 years
Renewal Options:
Praperty & Demographic Information
250 S Harbour
Address:
Annualized Operating Data
Lot Size:
Lease Years
Year Built:
Dr., Noblesville,
IN
2.18 Acres
2003
Commercial
Years 1-5
$140,224
$17.10
Zoning:
Years 6-10
$150,040
$18.30
2009 3 Mile Population:
Years 11-15
$160,542
$19.58
2009 3 Mile Median
Household
Income:
$78,080
Option
1 (Years 16-20)
$171,780
$20.95
20093
Household
Income:
$83,607
Option
2 (Years 21-25)
$183,805
$22.42
Surraunding Area information
Option
3 (Years 26-30)
$196,671
$23.98
The center, formerly
Mile Average
37,945
a Goddard
north of SR-38, a major arterial
Option
4 (Years 31-35)
$210,438
$25.66
Reservoir
neighborhood,
downtown
Indianapolis.
and benefits
family
residential
the suburban
area is approximately
from the highway.
a fire station,
development.
and retrofitted
and a commuter
aquatic
The surrounding
in 2007. Located just
highway
for the Morse
20 miles northeast
While the site is set back from South Harbour
from visibility
subdivisions,
School, was acquired
for Noblesville
of
Drive, it is elevated
area includes
center and land zoned for future
newer single
office and
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