1485 NW Bunker Lake Blvd - Day Care Center FOR SALE


Andover, MN 55304
$3,048,000 USD
602-541-1019
1485 NW Bunker Lake Blvd, Andover, MN for Sale
$3,048,000 USD
Day Care Center - FOR SALE
1/4
null | 6.85% Cap Rate

1485 NW Bunker Lake Blvd
Andover, MN 55304


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease with Approximately 12 Years Remaining
  • Corporate Guaranty by Cadence Education, One of the Largest Providers of Early Childhood Care in the U.S. with Over 300 Schools Across 40 Brands
  • Two Percent Annual Rental Increases
  • 150,785 Residents within a Five-Mile Radius - Minneapolis MSA
  • Average Household Income Exceeds $149,000 in the Immediate Area
  • High Visibility Location Near Signalized Intersection of Bunker Lake Blvd NW Hanson Blvd NW (Over 35,000 Cars Per Day)

OVERVIEW

Cadence Education is one of the nation's premier early childhood educators. The company operates more than 300 private preschools and elementary schools within the Cadence Education Family of Schools. Located in Minnesota's Anoka County, Andover is a safe and growing community that is home to over 32,600 residents. New commercial activities have increased with the construction of a number of new businesses throughout the city.

FOR SALE DETAILS

PRICE

$3,048,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cadence Academy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

3.86 AC

LAND SF

168,142 SF

ZONING

-

APN/PARCEL ID

35-32-24-23-0045

ASK ABOUT THIS PROPERTY

Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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