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KINDERCARE LEARNING CENTER | 15 YEAR ABS. NET 5951 Labeaux NE ave 10,108 SF 100% Leased Retail Building Albertville, MN 55301 $8,550,000 ($845.86/SF) 6.90% Cap Rate
Investment Highlights
- 15 Year Corp. Backed NNN Lease feat. a 10% Rental Increase in Year 6 Followed by 2% Annual Increases throughout the Remainder of the Term and Options.
- KinderCare Learning Companies operates one of the Largest Early Education Platforms in the U.S.
- Strategically Positioned within the Expanding Minneapolis-Saint Paul Metropolitan Area, benefiting from Strong Population Growth.
- Situated Along Labeaux Avenue - the Property benefits from Strong Local Traffic Flow, Excellent Visibility and Direct Connectivity to the Minneapolis.
- Located within a Dense Residential Corridor featuring New Single-Family Developments and Master-Planned Communities.
- Within one Mile of Fieldstone Elementary, St. Michael Middle School, and St. Michael High School, aligning with Kindercare’s Strategy.
Executive Summary
KinderCare Learning Center | 15 Year Absolute Net Lease | Leading Provider of Early Childhood Education (ECE) in the U.S. | Brand New 2026 Construction | 10% Increase after 5 Years & 2% Annual Thereafter | Immediate Access to/from I-94 | Proximity to Major Employment Nodes | Within the Highly Regarded St. Michael-Albertville School District | Dense and Growing Residential Corridor | Affluent Area: $129k Avg. HHI
Minnesota Broker of Record: Jon Ruzicka | 1601 Utica Avenue South, Suite 301 Minneapolis, MN 55416 | P: (952) 852-9700 | Lic #: 40583288 | Jon.Ruzicka2@MarcusMillichap.com
Minnesota Broker of Record: Jon Ruzicka | 1601 Utica Avenue South, Suite 301 Minneapolis, MN 55416 | P: (952) 852-9700 | Lic #: 40583288 | Jon.Ruzicka2@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
10,108 SF
Year Built
2026
Price
$8,550,000
Price Per SF
$845.86
Cap Rate
6.90%
NOI
$589,650
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
1.77 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- KinderCare Learning Center
- Educational Services
- 10,108 SF
- -
- Triple Net
- Apr 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| KinderCare Learning Center | Educational Services | 10,108 SF | - | Triple Net | Apr 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 101-500-351405 | Improvements Assessment | $241,900 |
| Land Assessment | $495,700 | Total Assessment | $737,600 |
Property Taxes
Parcel Number
101-500-351405
Land Assessment
$495,700
Improvements Assessment
$241,900
Total Assessment
$737,600
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KINDERCARE LEARNING CENTER | 15 YEAR ABS. NET | 5951 Labeaux NE ave
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