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New Creations Child Care- Waconia, MN 150 Sparrow Rd 12,730 SF Retail Building Waconia, MN 55387 $6,110,400 ($480/SF) 7% Cap Rate
Investment Highlights
- New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.
- ~13 years remaining lease with 2.7% average annual rent escalations.
- Waconia is adding hundreds of new homes and apartments, including over 500 residential units such as the 339-lot Pulte Homes subdivision.
- Waconia is a fast-growing suburban community 30 miles west of Minneapolis and Minneapolis-Saint Paul International Airport (MSP).
- Average household income is $155,332, and the population is 26,519 residents within a 5-mile radius.
- Minutes from the center, the city is actively reconstructing downtown streets and utilities to support commercial revitalization.
Executive Summary
We are pleased to exclusively offer for sale the 12,730 SF New Creations Child Care located at 150 Sparrow Road in Waconia, MN. The property is leased to New Creations Child Care and Learning Center, a well-established regional operator with 20 locations across Minnesota and Iowa. This investment features approximately 13 years of remaining lease term with favorable 2.7% annual rent escalations, offering predictable income growth and long-term stability. The combination of extended lease duration, contractual rent increases, and an essential-service tenant provides investors with a secure, passive investment opportunity positioned for durable cash flow.
In Association with ParaSell, Inc. | A Licensed Minnesota Broker #40685007 BoR: Scott Reid - Lic. MN #40685006
In Association with ParaSell, Inc. | A Licensed Minnesota Broker #40685007 BoR: Scott Reid - Lic. MN #40685006
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,730 SF
Building Class
B
Year Built
2024
Price
$6,110,400
Price Per SF
$480
Cap Rate
7%
NOI
$427,728
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.71 AC
Frontage
163’ on Sparrow Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- New Creations Child Care
- Educational Services
- 12,730 SF
- $33.60
- Triple Net
- Aug 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| New Creations Child Care | Educational Services | 12,730 SF | $33.60 | Triple Net | Aug 2039 |
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Anytime Fitness
Property Taxes
| Parcel Number | 75.3540020 | Improvements Assessment | $2,620,100 |
| Land Assessment | $372,400 | Total Assessment | $2,992,500 |
Property Taxes
Parcel Number
75.3540020
Land Assessment
$372,400
Improvements Assessment
$2,620,100
Total Assessment
$2,992,500
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New Creations Child Care- Waconia, MN | 150 Sparrow Rd
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