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KinderCare 2036 County Road D E 6,175 SF Retail Building Maplewood, MN 55109 $1,411,430 ($228.57/SF) 7% Cap Rate
Investment Highlights
- KinderCare is on a Corporate Lease with a recent 5-Year Extension. Original Lease commenced in 1982.
- Established family demographics with a 5-mile average household income of $114,239 and population of 195,679.
- Maplewood is a suburb located approximately 10 miles east of St. Paul and 16 miles east of Minneapolis.
- Nearby retailers include Maplewood Mall ( 100+ stores), Costco, Sam’s Club, Chick-Fil-A, Culver’s, Caribou Coffee, Starbucks, Aldi, Hobby Lobby, etc.
- KinderCare currently operates 2,300+ locations across 39 states, largest private early childhood educator in the US.
Executive Summary
Net, Net, Net. No landlord responsibilities.
Original Lease commenced 9/14/1982.
Original Lease commenced 9/14/1982.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,175 SF
Building Class
C
Year Built
1980
Price
$1,411,430
Price Per SF
$228.57
Cap Rate
7%
NOI
$98,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.15 AC
Zoning
Commercial
Parking
30 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- KinderCare
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| KinderCare | Health Care and Social Assistance | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-29-22-12-0008 | Improvements Assessment | $1,124,600 |
| Land Assessment | $500,900 | Total Assessment | $1,625,500 |
Property Taxes
Parcel Number
02-29-22-12-0008
Land Assessment
$500,900
Improvements Assessment
$1,124,600
Total Assessment
$1,625,500
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