7071 E Point Douglas Rd
Cottage Grove, MN 55016
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Tenant with Nearly 200 Locations
- Attractive 2.5% Annual Rent Increases
- Surrounded by Traffic Drivers and Dense Housing
- Early Lease Extension in 2019
- Excellent Location Adjacent to Major Commute Corridor
- Learning Care Group, Inc. Subsidiary
PROPERTY FACTS
Property Type
Retail
Property Subtype
Day Care Center
Building Size
11,800 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.84 AC
Zoning
N/Av, Cottage Grove
Parking
39 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
245’ on Pt. Douglas
AMENITIES
- Signage
ABOUT 7071 E POINT DOUGLAS RD , COTTAGE GROVE, MN 55016
Tutor Time of Cottage Grove boasts an excellent location that's convenient for caregivers commuting to and from Downtown Minneapolis and St. Paul. This is a corporate tenant with nearly 200 locations; the tenant also executed an early lease extension in 2019, demonstrating continued commitment to this site. The Property enjoys traffic driven by area retailers that include TJ Maxx, Chipotle, Starbucks, HyVee, and others. Tutor Time is a subsidiary of Learning Care Group, Inc., which is the second-largest for-profit child care provider in North America.
PROPERTY TAXES
| Parcel Number | 08-027-21-33-0011 | Improvements Assessment | $1,836,000 |
| Land Assessment | $886,600 | Total Assessment | $2,722,600 |
