4673 White Bear Pky | White Bear Lake, MN 55110
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4673 White Bear Pky
White Bear Lake, MN 55110
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Leader in the Childcare Sector: Tutor Time Learning Centers is one of 11 unique, individual brands under the Learning Care Group Incorporated (LCG).
- Low Rent: Tenant currently pays about $12/SF in rent which is substantially less than many childcare schools today.
- Ideal Location: White Bear Lake is located on the outskirts of the Minneapolis MSA, a top-20 MSA within the country.
- Strong Rental Increases: Lease features attractive 2% annual increases throughout the duration of the term and options beginning in 2025.
- Operating History: Tutor Time has been operating at this location for 25+ years since 1996 demonstrating their commitment to the location..
PROPERTY FACTS
Property Type
Retail
Property Subtype
Day Care Center
Building Size
11,263 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.33 AC
Parking
45 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
79’ on White Bear Pky
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 16-30-22-44-0045 | Improvements Assessment | $1,577,300 |
| Land Assessment | $462,600 | Total Assessment | $2,039,900 |
PROPERTY TAXES
Parcel Number
16-30-22-44-0045
Land Assessment
$462,600
Improvements Assessment
$1,577,300
Total Assessment
$2,039,900
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