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Bright Beginnings Academy | Burnsville, MN 100 Cobblestone Ln 6,175 SF Retail Building Burnsville, MN 55337 $1,558,671 ($252.42/SF) 7.91% Cap Rate



Investment Highlights
- Absolute NNN Lease
- Excellent Connectivity and Visibility
- Strong, Growing Tenant
- Prime Retail-Dense Location
- Strong Demographics
- Located Adjacent to Major Regional Hospital
Executive Summary
Absolute NNN Lease with Annual Rent Increases -
This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 10 years remaining and 2% annual rent increases.
Located Adjacent to Major Regional Hospital -
Situated immediately next to M Health Fairview Ridges Hospital, one of the area's largest employers.
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 -
Bright Beginnings Academy, a division of Little Newtons’ child care centers, was established in 2020 and has been steadily growing with 7 locations in Minnesota, Wisconsin, and Illinois.
This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 10 years remaining and 2% annual rent increases.
Located Adjacent to Major Regional Hospital -
Situated immediately next to M Health Fairview Ridges Hospital, one of the area's largest employers.
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 -
Bright Beginnings Academy, a division of Little Newtons’ child care centers, was established in 2020 and has been steadily growing with 7 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
7.91%
NOI
$123,213
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.00 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 | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-26102-01-022 | Improvements Assessment | $540,500 |
| Land Assessment | $388,400 | Total Assessment | $928,900 |
Property Taxes
Parcel Number
02-26102-01-022
Land Assessment
$388,400
Improvements Assessment
$540,500
Total Assessment
$928,900
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