18655 73rd Ave N
Maple Grove, MN 55311
New Creations Child Care & Learning Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Multi-Unit Operator - New Creations Child Care & Learning Center has 20 locations throughout Minnesota and Central IA.
- Future Upside - Future upside potential due to below market rents that will adjust to market in the option periods.
- Rapid Growth Community - Maple Grove will see an estimated population increase of more than 50% by the year 2040.
- Long Term Lease with Strong Annual Rent Increases - 11+ years of lease term remain with attractive 3% annual increases commencing in 2026.
- New Development - Immediate trade area contains newly constructed Hyvee , Chipotle, Car Wash and 6 housing developments consisting of 700+ units.
- High Income Trade Area - Average household income within a three mile radius of the subject property is $200K+
PROPERTY FACTS
Property Type
Retail
Property Subtype
Day Care Center
Building Size
12,789 SF
Building Class
C
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.55 AC
Frontage
294’ on Troy Lane North
PROPERTY TAXES
| Parcel Number | 30-119-22-31-0101 | Improvements Assessment | $2,010,400 |
| Land Assessment | $1,106,500 | Total Assessment | $3,116,900 |
