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KinderCare

1800 Coon Rapids Blvd, Coon Rapids, MN 55433

$619,400

4,800 SF | Retail

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Retail Property For Sale

Price:
$619,400
Building Size:
4,800 SF
Price/SF:
$129.04
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
4 years left on lease
Cap Rate:
7.75%
Occupancy:
100%
Tenancy:
Single
Year Built:
1982
Lot Size:
0.92 AC
Listing ID
17667227
Last Updated
12 days ago

Find Out More...

Highlights

  • *NNN property with one 5-year option to extend with increase.
  • *Located off highly traveled Coon Rapids Boulevard with traffic counts of 29,228 cars per day.
  • *Great demographics

Description

Excellent opportunity to purchase a KinderCare Learning Center located in Coon Rapids, Minnesota, 15 miles north of the Twin Cities, for $619,400 at an 7.75% cap rate. The KinderCare is located off highly traveled Coon Rapids Boulevard with traffic counts of 29,228 cars per day in an established neighborhood. Outstanding five mile population of 213,768 with an average household income of $86,308. Also, within a 5-mile radius there are 54,996 Families and 29,357 children under 9 years of age. The Tenant has recently exercised one of their 5-year options commencing March 2011. There is one 5-year option remaining with a 3.1% rent increase. KinderCare Learning Centers was acquired by Knowledge Learning and is the nation' s leading early childhood education and care provider operating more than 1,700 centers across the country.

This KinderCare is situated in an established neighborhood with a five mile population of 213,768. It is in close proximity to Anoka Ramsey Community College (approximately 12,538 students), L.O. Jacob Elementary School and Hoover Elementary School. Nearby retailers include: CVS Pharmacy, Walgreens, O'Reillys, Auto Zone, Pizza Hut and NAPA Auto Body. Coon Rapids is a northern suburb of Minneapolis, and is the largest city in Anoka County, Minnesota. It is the twelfth largest city in Minnesota and the seventh largest Twin Cities suburb. Coon Rapids is located 15 miles North of the Twin Cites. Coon Rapids is home to Bunker Hills Golf Club, a premier golf destination nestled in beautiful Bunker Hills Regional Park. It has been recognized as one of the top 25 public courses in the country by Golf Digest. It is also home to Coon Rapids Dam Regional Park which is one of Three Rivers Park District's most unique parks. The Mississippi River defines the boundary of this 160-acre park and there are many opportunities to see the river up close.

Financial Summary

  • Actual
  • $48,000

Map of 1800 Coon Rapids Blvd, Coon Rapids, MN 55433 (Anoka County)

Research for 1800 Coon Rapids Blvd, Coon Rapids, MN 55433 (Anoka County)

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Asking Price Index Trends for Minneapolis, MN Retail For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$96-0.4%+2.3%
-
Metro
$104+0.2%+0.8%
-
County
$125+0.9%+3.7%

View Minneapolis Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 5/17/2012
KinderCare
  • Retail
  • $619,400
  • 4,800 SF