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24611837
24611836

425 Technology Dr E, Menomonie, WI 54751

BB
WI WI 56114, MN MN 40546562 (+1)
Brisky Net Lease
Listed by Brisky Net Lease
$1,624,052
515 days on market
Updated 31 days ago

Little Sprouts Academy | Menomonie, WI

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,225
Cap Rate 7.75%
NOI $125,864
Occupancy 100%
Tenancy Single
Brand/Tenant Little Sprouts, Little Newtons
Lease Type Absolute NNN
Lease Expiration 03/31/2037
Rent Bumps Yes
Lease Options Four 5-Yr
Year Built 2015
Buildings 1
Acreage 1.830
Investment Type Net Lease

Retail | 7.75% CAP | 10,225 SqFt

Marketing description

Absolute NNN Lease -
This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 11 years remaining and 2% annual rent increases. The tenant is currently paying below-market rent and the market has a very low vacancy rate of less than 1%.

Well-Suited & Located Property -
Strategically located near U.S. Hwy 12, a main corridor in Menomonie, but not along a high-traffic road. The newer building features nearly 12,000 square feet of space on almost 2 acres with great underlying real estate. The daycare is surrounded by several major local employers including Mayo Clinic, Anderson Corporation, Philips Plastics Corporation as well as several local schools.

Strong, Growing Tenant -
Little Sprouts, as a division of Little Newtons’ child care centers, has been serving families in Menomonie since 2011. Little Newton's was established in 2009 and has been steadily growing with 8 locations in Minnesota, Wisconsin and Illinois.

Solid Market and Growing Population -
Menomonie has a diverse and thriving community with a steadily growing population. While the population of Menomonie is about 16,700 it has had steady population growth. The population within a 10-mile radius of the property is over 30,000 with an average household income of over $77,000.

Listing Contacts

BB
WI WI 56114, MN MN 40546562 (+1)
Brisky Net Lease
Listed by Brisky Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$125,864.00
$10,488.67/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Brian Brisky
License
WI 56114
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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