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4194 Pilot Knob Rd 6,406 SF Retail Building Eagan, MN 55122 $1,985,000 ($309.87/SF) 6.75% Cap Rate
Investment Highlights
- Premier Early Childhood Education Partners is an education brand that focuses on improving the lives of children and families
- The property is backed by a ±12-year absolute NNN lease, offering investors stable, offering investors stable
- Comparable long-term early education properties are trading above $5 million, with many exceeding $7 million
- Private Equity Backing - Tyree & D’Angelo Partners (TDP) acquired Premier Early Childhood Education Partners in December 2018
- Within a ±5-mile radius, the property serves 144,000+ residents + residents with average household incomes exceeding $159,000
- The U.S. childcare market was valued at $59.9 billion in 2023 and is projected to grow to $73 billion by 2030 (source: Towards Healthcare)
Executive Summary
Name
Kurt Sauer
Company
Matthews of Minnesota, LLC
Firm & License
License # 41005445, 40628602 (MN)
Address
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
Phone
(866) 889-0550
Kurt Sauer
Company
Matthews of Minnesota, LLC
Firm & License
License # 41005445, 40628602 (MN)
Address
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,406 SF
Building Class
C
Year Built
1984
Price
$1,985,000
Price Per SF
$309.87
Cap Rate
6.75%
NOI
$133,972
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.97 AC
Zoning
b-2
Parking
15 Spaces (2.34 Spaces per 1,000 SF Leased)
Frontage
106’ on Diffley Rd
Amenities
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Becks Montessori Accelerated
- Health Care and Social Assistance
- -
- -
- -
- Church Of Christ
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Becks Montessori Accelerated | Health Care and Social Assistance | - | - | - | ||
| Church Of Christ | Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-33100-01-031 | Improvements Assessment | $651,100 |
| Land Assessment | $404,900 | Total Assessment | $1,056,000 |
Property Taxes
Parcel Number
10-33100-01-031
Land Assessment
$404,900
Improvements Assessment
$651,100
Total Assessment
$1,056,000
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4194 Pilot Knob Rd
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