1800 Coon Rapids Blvd, Coon Rapids, MN 55433
4,800 SF | Retail
- Building Size:
- 4,800 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Property Use Type:
- Net Lease Investment with
- 4 years left on lease
- Cap Rate:
- Year Built:
- Lot Size:
- 0.92 AC
- Listing ID
- Last Updated
- 2 days ago
- *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
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.
Map of 1800 Coon Rapids Blvd, Coon Rapids, MN 55433 (Anoka County)
Research for 1800 Coon Rapids Blvd, Coon Rapids, MN 55433 (Anoka County)
- Demographics – Population, income & other demographics near 1800 Coon Rapids Blvd
- Research Price – Recent sales of similar properties
- Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building
Asking Price Index Trends for Minneapolis, MN Retail For Sale
||vs. 3 mo.
View Minneapolis Market Trends for other property types for sale or lease. Learn more about the chart info.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P