Marcus & Millichap Inc., a leading commercial real estate brokerage firm, announced the sale of a net-leased childcare facility occupied by The Learning Grove Academy in Avon, Indiana. The facility, built in 2009, spans 17,704 square feet and is situated on 3.17 acres at 7651 Beechwood Centre Road, approximately 20 minutes from Indianapolis International Airport. The sale was facilitated by Marcus & Millichap's senior associate, Sam Malato, and investment specialists Malato and Dominic Sulo, with Josh Caruana as the broker of record in Indiana. The property is noted for its stability as a long-term investment, featuring a premier early education tenant with a long-term net lease and annual rent increases. The Learning Grove Academy is a rapidly expanding operator in early education, with 120 locations and further acquisitions underway.
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