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La Petite Academy - Early 10 Yr Extension 470 Imperial Ave N 7,700 SF Retail Building Oakdale, MN 55128 $2,416,615 ($313.85/SF) 6.50% Cap Rate
Investment Highlights
- Triple-Net (NNN) Corporate Lease with Early 10-Year Lease Extension
- Seven Feeder Elementary Schools Within a Six-Mile Radius
- More Than 170,000 Residents Within a Five-Mile Radius
- Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,150 Schools Across 11 Brands
- Average Household Income Exceeds $166,000 Within a One-Mile Radius
- Household Projected Growth of 7 Percent in the Next Five Years Within a One-Mile Radius
Executive Summary
La Petite Academy, Inc. is one of the nation’s largest educational daycare companies. Headquartered in Novi, Michigan, the company operates more than 450 schools across the country. La Petite Academy provides strong social and educational foundations to prepare children for success in elementary school and beyond.
Oakdale is a city in Washington County, Minnesota, United States. It is a suburb of Saint Paul and is on the eastern side of the Twin Cities Metropolitan area. The population was 28,303 at the 2020 census.
Oakdale is a city in Washington County, Minnesota, United States. It is a suburb of Saint Paul and is on the eastern side of the Twin Cities Metropolitan area. The population was 28,303 at the 2020 census.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,700 SF
Building Class
C
Year Built
2012
Price
$2,416,615
Price Per SF
$313.85
Cap Rate
6.50%
NOI
$157,080
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.30 AC
Frontage
124’ on Imperial Avenue North
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 33-029-21-31-0020 | Improvements Assessment | $756,100 |
| Land Assessment | $596,000 | Total Assessment | $1,352,100 |
Property Taxes
Parcel Number
33-029-21-31-0020
Land Assessment
$596,000
Improvements Assessment
$756,100
Total Assessment
$1,352,100
Contacts
-
Spencer Berkley -
Mark Ruble -
Christopher Lind -
Zack House -
Jon Ruzicka -
Marcus & Millichap
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La Petite Academy - Early 10 Yr Extension | 470 Imperial Ave N
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