9201 Mitchell Rd
Eden Prairie, MN 55347
Retail Property For Sale

Marcus & Millichap is pleased to offer the opportunity to acquire a brand new absolute NNN property leased to Prestige Preschool Academy in Eden Prairie, Minnesota. The property is a 10,816-square foot building with approximately 18,500 square feet of playground area. The property is ideally situated with great visibility from Pioneer Trail, a major east-west corridor through Eden Prairie. The property also benefits from its location across the street from Grace Church, a 350,000 square foot facility which includes a 4,200 seat worship center. Prestige Preschool Academy has signed a 15-year lease at the property with scheduled rent increases of 10% every five years. The property is subject to an underlying ground lease, however, all rent payments for the ground lease are paid by the Tenant. The tenant is an experienced operator of the brand in California and is now expanding into the Twin Cities metro area. The company currently has twenty locations in four states with additional locations planned. Eden Prairie is one the most sought after suburbs in the Twin Cities, have make 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 younger families and children in the age range that Prestige caters to.