Net leased Goddard school property for sale

1. NET LEASED INVESTMENT OFFERING
Goddard School
2291 Greenfield Avenue
Noblesville, IN 46060 (Indianapolis MSA)
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerial
5) Site Plan
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
www.bouldergroup.com

3. CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity
without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary,
unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not
made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum
has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify,
any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters
and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
All potential buyers must take appropriate measures to verify all of the information set forth herein.
www.bouldergroup.com

4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Goddard School property
located within the Indianapolis MSA. The property is located in the affluent suburb of Noblesville, which has average
household incomes in excess of $92,000 within five miles of the property. Goddard School is a preschool for children
six weeks to six years old and has over 386 locations across 34 states.
The property is located on Greenfield Avenue just north of State Route 37, which experience traffic volumes in excess
of 21,000 vehicles per day. Highway 37 is the primary retail thoroughfare in the area and is home to Town and
Country Plaza Shopping Center, Stone Creek Commons and Stony Creek Marketplace approximately one mile north
of the property. Retailers within these centers include Wal-Mart Supercenter, Kohl’s and Staples, Lowe’s, Office
Depot and hhgregg, Meijer, Best Buy, TJMaxx and PetSmart. The Goddard School is further benefited by multiple
residential communities in the immediate area.
Goddard School’s original lease term was for 15 years and the lease expires in January 2018. The lease features
one 5-year renewal option with a 15% rental escalation. Goddard School is a privately-held company with over 386
locations in 34 states.
INVESTMENT HIGHLIGHTS
• Located within the Indianapolis MSA
• Close proximity to State Route 37 (31,000 VPD)
• Population in excess of 106,000 within five miles of the
property
• Average household income in excess of $92,000 within
five miles of the property
• Nearby retailers include Wal-Mart Supercenter, Kohl’s,
Lowe’s and Meijer
• 15% rental escalation in the option period
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $1,798,864
Cap Rate: 9.25%
Net Operating Income: $166,395
Renewal Options: One 5-Year with a 15% rental escalation
Lease Commencement Date: February 1, 2003
Lease Expiration Date: January 31, 2018
Year Built: 2003
Tenant: Goddard School
Guarantor: Fuller Family
Lease Type: NN (Roof & Structure)
Rentable Square Feet: 8,000
Land Size: 1.92 acres
www.bouldergroup.com

6. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
PD 37
31,5 OUTE
76 V
TE R
S TA
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7. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
12,500 SF
FENCED IN
PLAY AREA
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8. MAPS
NET LEASED INVESTMENT OFFERING
MAPS
S IT E
S IT E
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9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
The Goddard School is a preschool for children six weeks to six years old. Goddard school is headquartered in King
of Prussia, Pennsylvania and has over 386 franchised locations across 34 states. As of January 2012, The Goddard
School is accredited by Middle States Association of Colleges and Schools. Goddard School is also recognized by
21st Century Skills, National Association for the Education of Young Children and AdvancED. Goddard Schools
are franchised by Goddard Systems, Inc. (GSI) and have an on-site owner and educational director. The Goddard
School has a unique approach to learning based on widely accepted childhood development and brain-based
learning research. Goddard School fosters the cognitive and social development of each child through curricula
that is child-inspired and teacher led, child-focused lesson plans, child-centered learning and teachable moments
and daily activity reports.
Website: www.goddardschool.com
Number of Locations: 336+
www.bouldergroup.com

10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
Total Population 4,151 47,598 121,134
Total Households 1,313 15,352 38,145
Income
Median Household Income $69,679 $61,874 $74,295
Average Household Income $88,135 $79,777 $92,718
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11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Noblesville is located within the Indianapolis MSA and is the county seat of Hamilton
County. At the time of the 2010 U.S. Census Noblesville had a population of 51,969,
making it the 14th largest city in the state of Indiana. Indianapolis is the capital city of
Indiana and the county seat of Marion County. At the time of the 2010 U.S. Census the
city had a population of 829,718 and the Indianapolis metropolitan statistical area
had a population of 1,756,241. Indianapolis is the twelfth largest city in the United States and one of the fastest growing
metropolitan areas in the country. Forbes ranked Indianapolis as one of the best downtowns in the United States with
more than 200 retail shops, more than 35 hotels, 300 restaurants, movie theaters, sports venues, museums and art
galleries.
www.cityofnoblesville.org
Indianapolis is the capital city of Indiana and the county seat of Marion County. At the time of
the 2010 U.S. Census the city had a population of 829,718 and the Indianapolis metropolitan
statistical area had a population of 1,756,241. Indianapolis is the twelfth largest city in the
United States and one of the fastest growing metropolitan areas in the country. Forbes ranked
Indianapolis as one of the best downtowns in the United States with more than 200 retail
shops, more than 35 hotels, 300 restaurants, movie theaters, sports venues, museums and
art galleries.
Indianapolis is second only to Washington, D.C. for the number of monuments inside city limits. These monuments
include The Soldiers’ and Sailor’s Monument, Indiana World War Memorial Plaza, and the Medal of Honor Memorial
amongst others. Indianapolis has a diversified economy, contributing to the fields of education, health care
and finance. Many of Indiana’s largest companies are headquartered in Indianapolis, including pharmaceutical
manufacturer Eli Lilly and Company, Marsh Supermarkets, Finish Line and hhgregg Inc. The city is also home
to a number of collegiate and professional sporting events including, the men’s and woman’s NCAA basketball
tournament, the Indianapolis 500 and Indianapolis hosted the 2012 NFL Super Bowl. Additionally, Indianapolis
International Airport serves as the second largest FedEx operation in the world and the airport completed a $1.1
billion renovation was completed in 2008.
www.indy.gov
www.bouldergroup.com

12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein Jimmy Goodman
President Partner
847.562.0003 847.562.8500
rblank@bouldergroup.com jimmy@bouldergroup.com
www.bouldergroup.com