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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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
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

Crunch Fitness
Foss Swim School
Starbucks
Bmo
The Original Pancake House
Wells Fargo Home Mortgage
Kelly Overgard-us Bank Mortgage
Chase
Jenny Craig
Chili's Grill & Bar

Property Taxes

Property Taxes

Parcel Number
02-26102-01-022
Land Assessment
$388,400
Improvements Assessment
$540,500
Total Assessment
$928,900
  • Listing ID: 34410353

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 100 Cobblestone Ln, Burnsville, MN 55337

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