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KinderCare 4640 Knutsen Dr 6,519 SF Retail Building Farmington, MN 55024 $7,650,000 ($1,173.49/SF) 7% Cap Rate
Investment Highlights
- KinderCare: largest for-profit childcare provider with 2,600+ locations nationwide
- 18-year Absolute NNN lease with no day-to-day landlord responsibilities
- Average household income exceeding $145,000 within a five-mile radius
- Publicly traded on NYSE: KLC; raised $576M in October 2024 IPO
- Full-term corporate guaranty backed by KinderCare Learning Companies, Inc.
- Located in Minneapolis–St. Paul MSA with 3.79+ million residents
Executive Summary
Kurt Sauer
License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
(866) 889-0550
License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,519 SF
Building Class
B
Year Built
2026
Price
$7,650,000
Price Per SF
$1,173.49
Cap Rate
7%
NOI
$535,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.37 AC
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-82600-03-020 | Improvements Assessment | $0 |
| Land Assessment | $270,800 | Total Assessment | $270,800 |
Property Taxes
Parcel Number
14-82600-03-020
Land Assessment
$270,800
Improvements Assessment
$0
Total Assessment
$270,800
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