12601 Birch St - Day Care Center FOR SALE


Becker, MN 55308- Clemens & Munsinger Gardens
$1,275,000 USD
214-560-6900
12601 Birch St, Becker, MN for Sale
$1,275,000 USD
Day Care Center - FOR SALE
1/9
null | 7% Cap Rate


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Retail Corridor | Becker School District
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Red Balloon Child Care Center by Little Newton’s investment property located in Becker, Minnesota. The tenant, Red Ballon Child Care Center, will sign an early extension at the close of escrow, bringing the term remaining to over 12 years with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Newton's | Annual Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

Residential Multi Family

APN/PARCEL ID

60-406-0510

ASK ABOUT THIS PROPERTY

Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.