Noah’s – Indiana

$150,000 Minimum Investment

7.00% CAP Rate

20-Year NNN Lease

Property Info

Tenant: Noah's
Address: 13315 Illinois Street Carmel, IN
Year Build: Under Construction
Total Sq Ft.: 15,800
Property Type: Single Tenant, Freestanding
Ownership Type: TIC
Minimum Investment: $150,000

Call an Advisor: (801) 812-1031

Indiana TIC Property

With a 20-year, absolute NNN lease, this brand new location is the epitome of passivity for the 1031 exchangor. Today’s small event and conference industry is a “Mom and Pop” industry without much product consistency. It’s in this landscape that Noah Corporation has found success. Noah’s model, built on small meeting and event spaces has proven to be recession-resistant because the services they offer cater to one-time life events and necessary business events where their clients simply and the necessary resources to fulfill their needs. Noah’s competitive advantage in the marketplace come from that they do not try to support more than their core business, which is the rental of facility time as needed by their patrons. They do not provide food service, decorations, beverages and outside entertainment. They’ve demonstrated their ability to achieve profitability and continue to expand based on an tightening business model. Tenant-in-common investment allows investors with as little as $150,000 to received interest in a high grade real estate and vibrant tenant. Browse TIC Properties >>>

Tenant Info

Tenant: Noah's
Revenues: NA
No. of Locations: 60
Website: noahseventvenue.com/

Lease Info

Type: NNN
Term: 20 years
Corp. Guaranteed Lease: Yes
Rent Commencement: April 2018
Lease Expiration: April 2038
Owner Responsibility: None
Tenant Responsibility: Taxes, Insurance, Utilities, Maintenance
Current Annual Rent: $438,000
Rent Escalations: 2% Annual Increases
Renewal Options: (2) 10-year renewal options

Demographics

Location: Carmel, IN
Population: 92,198
Median Household Income: $101,494
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