Listed by ParaSell Inc, Sands Investment Group
$5,484,043
New Creations Child Care - St. Michael, MN
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 12,300
Cap Rate 7%
NOI $383,883
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 08/06/2038
Remaining Term 12.1
Rent Bumps Yes
Lease Options None
Price per SqFt $446
Year Built 2023
Acreage 1.380
Investment Type Net Lease
Lease Commencement 08/07/2023
Ground Lease No
7.00% CAP | 12 Yr Child Care NNN Asset | 2% Annual Increases
Marketing description
We are pleased to exclusively offer for sale the 12,300 SF New Creations Child Care located at 4120 Edgewood Drive NE in St. Michael, MN. This offering presents a stabilized Triple Net (NNN) Lease investment backed by New Creations Child Care and Learning Center, a regional operator with 20 locations across Minnesota and Iowa. The property features approximately 12 years remaining on the lease term with 2% average annual rent escalations, providing consistent income growth and long-term cash flow stability. The tenant’s established regional footprint and operating history further reinforce the durability of the investment.
Investment highlights
- New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.
- St. Michael is a rapidly growing suburban community located 30 minutes northwest of Minneapolis in the Twin Cities metro.
- 12 years remaining on lease with 2% average annual rent escalations.
- The city has more than 1,100 new single‑family lots platted across multiple subdivisions (including Fieldstone Passage, Foxtail Meadows, Gonz Lake/Lakeshore Park, Legacy Bay Farms, and others), plus over 450 attached, multifamily units breaking ground.
- Average household income of $145,559 and a population of 49,588 residents within a 5-mile radius.
- 40 miles from Minneapolis-Saint Paul International Airport (MSP).
- 7 elementary feeder schools within a 5-mile radius of the center.
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
$383,883.00
$31,990.25/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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