18655 73rd Ave N
Maple Grove, MN 55311
 New Creations Child Care & Learning Center · Retail Property For Sale

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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

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