14080 Northdale Blvd
Rogers, MN 55374
Kindercare Learning Center · Retail Property For Sale

11 Yrs Remain KinderCare Rogers, MN | Absolute Net Marcus & Millichap is pleased to present a singletenant, absolute-net leased KinderCare Learning Center located in Rogers, Minnesota. The subject property is 9,500 square feet, was built in 2007 and is located less than 200 feet west of State Route 101. The surrounding area is highly conducive to childcare centers and includes elementary schools, parks, dance/karate centers and abundant residential housing. There is extensive national retail in close proximity including Kohls, Walgreens, Dollar Tree,UPS, GNC, Anytime Fitness and several prominent QSR brands. *KinderCare has exercised their first five-year option, bringing the term to eleven years; showing their dedication to the site. There are three five-year options left to a very favorable lease that requires zero landlord responsibilities and CPI increases every five years not to exceed seven percent. Next Rent Bump Date January 1, 2018*. ( *Projected NOI $226,332 ). The city of Rogers encompasses eight square miles in Hennepin County, Minnesota and is a northwest suburb of the Minneapolis-Saint Paul MSA. Interstate 94 goes directly through Rogers from the southeast through the northwest. Between the 2000 and 2010 census, the population of Rogers grew by nearly 140 percent, an annualized growth rate in excess of nine percent. Rogers enjoys strong median household income in excess of $96,000.