Property History
Lil' Explorers Childcare Center is a preschool and daycare serving the Minneapolis MSA. It is part of the Cadence Education family of brands. Cadence Education is one of the nation's premier early childhood educators. The company operates more than 300 private preschools and elementary schools within the Cadence Education Family of Schools.
Situated 33 miles from downtown Minneapolis, Otsego is optimally located with easy access to major freeway systems. Otsego is a northwest suburb of Minneapolis and is the largest city in Minnesota's Wright County with nearly 20,000 residents (as of the 2020 U.S. Census).
Brand New Absolute Triple-Net (NNN) Lease with 14 Years Remaining
Corporate Guaranty by Cadence Education, One of the Largest Providers of Early Childhood Care in the U.S. with Over 300 Schools Across 40 Brands
Situated Across from Target and an ALDI that is Currently In Development
54,714 Residents within a Five-Mile Radius - Minneapolis MSA
Households are Projected to Increase Over 11 Percent in the Immediate Area by 2027
Two Percent Annual Rental Increases
Easily Accessible via Parrish Avenue NE with Immediate Access to MN Highway 101
Average Household Income Exceeds $124,000 within a Five-Mile Radius
Surrounded by New Residential Developments, Including Lennar at Parrish Meadows (a Master-Planned Community Featuring 90+ Townhomes) and The Village of Otsego (190+ Luxury Apartment Units)
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