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Little Sprouts Academy | Burnsville, MN 100 Cobblestone Ln 6,175 SF Retail Building Burnsville, MN 55337 $1,558,671 ($252.42/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Excellent Connectivity and Visibility
- Strong, Growing Tenant
- Prime Retail-Dense Location
- Strong Demographics
EXECUTIVE SUMMARY
Absolute NNN Lease -
This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 12 years remaining and 2% annual rent increases.
Prime Retail-Dense Location -
Situated in a thriving retail corridor, the property benefits from proximity to national and regional retailers including Costco, Target, The Burnsville Shopping Mall, and many others.
Excellent Connectivity and Visibility -
Positioned near key commuter routes, including I-35 and County Road 42, the property benefits from significant daily traffic counts and steady commuter flow between Burnsville and the Minneapolis/St. Paul urban core, enhancing both visibility and accessibility.
Strong Demographics -
Burnsville boasts a robust economy and a steadily growing population. The area is home to a large number of families, with a 9% higher concentration of children aged 0-4 compared to the national average.
Strong, Growing Tenant -
Little Sprouts, as a division of Little Newtons’ child care centers, was established in 2009 and has been steadily growing with 8 locations in Minnesota, Wisconsin and Illinois.
This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 12 years remaining and 2% annual rent increases.
Prime Retail-Dense Location -
Situated in a thriving retail corridor, the property benefits from proximity to national and regional retailers including Costco, Target, The Burnsville Shopping Mall, and many others.
Excellent Connectivity and Visibility -
Positioned near key commuter routes, including I-35 and County Road 42, the property benefits from significant daily traffic counts and steady commuter flow between Burnsville and the Minneapolis/St. Paul urban core, enhancing both visibility and accessibility.
Strong Demographics -
Burnsville boasts a robust economy and a steadily growing population. The area is home to a large number of families, with a 9% higher concentration of children aged 0-4 compared to the national average.
Strong, Growing Tenant -
Little Sprouts, as a division of Little Newtons’ child care centers, was established in 2009 and has been steadily growing with 8 locations in Minnesota, Wisconsin and Illinois.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,175 SF
Building Class
C
Year Built/Renovated
1984/1995
Price
$1,558,671
Price Per SF
$252.42
Cap Rate
7.75%
NOI
$120,797
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.01 AC
Zoning
B3 PUD - Planed Unit Development
Parking
20 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
159’ on Cobblestone Lane
AMENITIES
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Little Sprouts Academy
- -
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Little Sprouts Academy | - | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-26102-01-022 | Improvements Assessment | $516,100 |
| Land Assessment | $378,900 | Total Assessment | $895,000 |
PROPERTY TAXES
Parcel Number
02-26102-01-022
Land Assessment
$378,900
Improvements Assessment
$516,100
Total Assessment
$895,000
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Little Sprouts Academy | Burnsville, MN | 100 Cobblestone Ln
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