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KinderCare 7761 Amana Trl 12,081 SF Retail Building Inver Grove Heights, MN 55077 $8,800,000 ($728.42/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-new 15-year absolute net corporate net lease
- Three, 5-year options to extend the lease at the expiration of the base term
- Extremely affluent residential demographics – $181,000 average household incomes within a 1-mile radius of the subject property
- 10% rental increase in Year 6 then 2% annual increases thereafter
- 2025 build-to-suit construction building that serves as an outparcel to Target
EXECUTIVE SUMMARY
A brand-new 15-year absolute net KinderCare lease featuring a 10% rental increase in Year 6 and 2% annual increases thereafter throughout the base term and options. The subject property is located in Inver Grove Heights – an affluent suburb in the Minneapolis-St. Paul MSA boasting average household incomes of $181,000 within a 1-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
12,081 SF
Year Built
2025
Price
$8,800,000
Price Per SF
$728.42
Cap Rate
6.75%
NOI
$594,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.84 AC
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KinderCare | 7761 Amana Trl
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