Lightbridge Academy
Special Purpose | 7.00% CAP | 11,320 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Lightbridge Academy located at 11930 Business Park Blvd N, Champlin, MN. The site consists of roughly 11,320 rentable square feet of building space on an estimated 2.32-acre parcel of land. This Lightbridge Academy is subject to a 20 year Triple Net (NNN) lease, which will commence 30 Days After Substantial Completion of the building. The annual rent will be $461,983 and has scheduled increases of 2.00% annually.
Investment highlights
Corporate Guarantee | The subject property's lease is guaranteed by New Jule Holding LLC, a seasoned childcare operator with a proven track record of success. The corporate guaranty remains in place for the full 20-year lease term, offering investors long-term security and predictable income backed by a well-capitalized, experienced operator.
Brand New Construction | The property is a brand-new construction, offering a state-of-the-art facility with minimal near-term capital expenditures. Investors benefit from long-term, triple-net lease stability, predictable income, and reduced management responsibilities, all in a modern, purpose built asset.
Prime Outparcel to Target | This property is a highly visible outparcel to Target, which draws approximately 1.7 million annual visitors (Placer.ai). It benefits from close proximity to other national tenants, including Arby’s, Wells Fargo, Jersey Mike’s, McDonald’s, Ace Hardware, and Dollar Tree, offering exceptional customer traffic, strong visibility, and the potential for sustained retail performance.
Affluent and Strong Demographics | The subject property is located in a densely populated trade area with 65,800 residents and an average household income of $106,900 within a 3-mile radius, and 162,900 residents with an average household income of $110,300 within a 5-mile radius.
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