Listed by ParaSell Inc, Sands Investment Group
$4,546,586
New Creations Child Care - Burnsville, MN
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 11,322
Cap Rate 7.00%
NOI $318,261
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 06/20/2038
Remaining Term 12
Rent Bumps Yes
Lease Options None
Price per SqFt $402
Year Built 2022
Acreage 1.060
Investment Type Net Lease
Lease Commencement 06/21/2023
Ground Lease No
7.00% CAP | 12+ Year Lease Child Care Asset | 2% Annual Increases
Marketing description
We are pleased to exclusively offer for sale the 11,322 SF New Creations Child Care and Learning Center located at 13500 County Road 11 in Burnsville, MN. The offering features 12 years of remaining lease term with attractive rent growth averaging 2% annually, providing investors with stable, long-term cash flow. The property is strategically positioned just 3 miles from the transformative Burnsville Center Village redevelopment, a planned mixed-use district featuring residential, retail, dining, and community-oriented public spaces, further enhancing the site’s long-term growth potential and investment appeal.
Investment highlights
- New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.
- Burnsville is a well-established suburb of Minneapolis undergoing significant mixed-use redevelopment and infrastructure improvements along the I-35 corridor, the same high-traffic corridor where the center is located.
- Located 10 miles from Minneapolis-Saint Paul International Airport (MSP).
- 12 years remaining on lease with 2% average annual rent escalations.
- Average household income of $128,907 and a population of 198,232 residents within a 5-mile radius.
- With 12 elementary feeder schools in a 5-mile radius, this area is positioned for continued residential growth and increased demand from commuter families.
- Each within 3-miles, projects such as Concorde Flats (162 units) and Volta affordable housing development (172 units) are under construction to serve the increasing the local population.
- Located 3-miles from Burnsville Center Village redevelopment, a mixed-use district with housing, retail, dining, and public spaces.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$318,261.00
$26,521.75/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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