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4150 Knob Dr 10,306 SF Retail Building Eagan, MN 55122 $5,064,000 ($491.36/SF) 7.60% Cap Rate
Investment Highlights
- Corporate guaranteed lease with second largest for profit school operator in the U.S.
- $147,000 average household income within a one-mile radius supports continued demand for premium childcare and early education services.
- Absolute NNN lease structure with zero landlord responsibilities providing a passive income stream to ownership.
- Originally operated by Prestige, later acquired by LCG and rebranded as Everbrook Academy, underscoring the location’s strong performance.
Executive Summary
The property is leased on an absolute NNN basis to Everbrook Academy, a premium early childhood education brand operated by Learning Care Group, the second-largest for-profit childcare provider in the United States. The lease provides more than six years of remaining term, scheduled rental increases every five years, and three additional five-year renewal options, offering investors stable, long-term cash flow with no landlord responsibilities. Constructed in 2017, the purpose-built facility occupies a highly visible corner location along Pilot Knob Road with exposure to over 35,000 vehicles daily. The property is situated within one of the most affluent and desirable suburban communities, supported by average household incomes exceeding $147,000 within a one-mile radius and continued population growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,306 SF
Building Class
A
Year Built
2017
Price
$5,064,000
Price Per SF
$491.36
Cap Rate
7.60%
NOI
$384,904
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.44 AC
Parking
32 Spaces (3.1 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,800,900 | |
| Land Assessment | $665,000 | Total Assessment | $2,465,900 |
Property Taxes
Parcel Numbers
Land Assessment
$665,000
Improvements Assessment
$1,800,900
Total Assessment
$2,465,900
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4150 Knob Dr