7711 Computer Ave
Edina, MN 55435
Kiddie Academy · Retail Property For Sale

Marcus & Millichap is pleased to offer the opportunity to acquire this absolute NNN property leased to Kiddie Academy in Edina, Minnesota. The property consists of an 18,900 square foot building on two acres. The facility consists of 13 classrooms, a 5,000 square foot indoor play area, two play grounds, a basketball court, and a soccer field. The property is ideally situated on the border of Bloomington and Edina, with easy access to the intersection of Interstate 494 and Highway 100, with collective traffic counts of 234,000 vehicles per day. The property also benefits from its close proximity to many sources of employment, including the 1 million square foot Seagate campus, the 1.7 million square foot Normandale Office Park, and sits across the street from the Pentagon Park redevelopment (The Link). Kiddie Academy has signed a 15-year lease at the property with scheduled rent increases throughout the initial lease term. The franchisee is a high net worth individual that has the development rights to four more locations throughout the Twin Cities. The brand has over 175 locations across the country and a nearly 40 year operating history. Edina is one of the most sought after suburbs in the Twin Cities, having made the “Best Places to Live” list on multiple occasions. The area surrounding the property has ideal demographics for the tenant’s target market. Average household income is significantly above the national average and there are a large number of employers in the area, providing jobs for families with children in the age range that Kiddie Academy caters to.