Listed by ParaSell Inc, Sands Investment Group
$5,376,743
KinderCare- Minneapolis (Woodbury), MN
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 11,990
Cap Rate 7%
NOI $376,372
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare
Lease Type NNN
Lease Term 15
Lease Expiration 09/30/2036
Remaining Term 10.3
Rent Bumps Yes
Lease Options 1 x 10 Year and 1 x 5 Year Options
Price per SqFt $448
Year Built 2022
Buildings 1
Acreage 1.400
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2021
Corporate-Backed KinderCare | Minneapolis MSA | 2% Annual Increases
Marketing description
We are pleased to exclusively offer for sale the 11,990 SF KinderCare located at 4025 Benjamin Drive in Minneapolis, MN. KinderCare is the largest provider of early education and child care in the U.S., operating more than 2,700 centers nationwide. The property is approximately 15 miles from Minneapolis Saint Paul International Airport (MSP), offering a unique investment opportunity in a strong metropolitan location.
Investment highlights
- KinderCare is the largest provider of early education and child care, operating more than 2,700 centers nationwide.
- Minneapolis forms the "Twin Cities" region, combined with Saint Paul, and is the most populous city in the state.
- 15 miles from Minneapolis-Saint Paul International Airport (MSP).
- Average household income of $161,697 and a population of 57,861 residents within a 3-mile radius.
- 9 elementary feeder schools within a 5-mile radius.
- Continued major private and public project spending, from housing and commercial builds to improved transit connecting nearly 81,000 jobs, helps draw and retain working parents who need dependable childcare services.
- The region has attracted over $3.1 billion in new development along the expanding METRO Green Line Extension transit corridor, including thousands of new homes, retail spaces, and jobs, bringing more families and children into the metro over the next decade.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$376,372.00
$31,364.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Name
License
Brokerage Phone
Is there information that looks off?
