18655 73rd Ave N - Day Care Center FOR SALE


Maple Grove, MN 55311
$5,823,000 USD
952-210-0484
18655 73rd Ave N, Maple Grove, MN for Sale
$5,823,000 USD
Day Care Center - FOR SALE
1/4
null | 6.46% Cap Rate

18655 73rd Ave N
Maple Grove, MN 55311


HIGHLIGHTS

  • Multi-Unit Operator - New Creations Child Care & Learning Center has 20 locations throughout Minnesota and Central IA.
  • Long Term Lease with Strong Annual Rent Increases - 11+ years of lease term remain with attractive 3% annual increases commencing in 2026.
  • Future Upside - Future upside potential due to below market rents that will adjust to market in the option periods.
  • New Development - Immediate trade area contains newly constructed Hyvee , Chipotle, Car Wash and 6 housing developments consisting of 700+ units.
  • Rapid Growth Community - Maple Grove will see an estimated population increase of more than 50% by the year 2040.
  • High Income Trade Area - Average household income within a three mile radius of the subject property is $200K+

OVERVIEW

CBRE is pleased to present qualified investors the opportunity to acquire the New Creations Child Care & Leaning Center in Maple Grove, MN. This single story 12,789 square foot facility was built in 2021 and is located on 1.66 acres. New Creations Child Care is a family owned and operated licensed child care program with 20 locations throughout Minnesota and central Iowa. Maple Grove is a suburban city in Hennepin County, Minnesota with a population exceeding 70,000 residents. The community is in the Twin Cities metro area, approximately 20 minutes from Minneapolis and 45 minutes from the Minneapolis/St Paul International airport. Of the 10 largest cities in Hennepin County, Maple Grove will see the most growth over the next 20 years resulting in an estimated population increase of more than 50% by the year 2040. With 11+ years of lease term remaining, the Maple Grove New Creations Child Care and Learning Center provides steady in-place income with significant 3% annual increases commencing in 2026. This facility is strategically positioned to meet the ever-expanding demand of Child Care in one of the highest growth communities in the Twin Cities.

FOR SALE DETAILS

PRICE

$5,823,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

6.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Creations Child Care & Learning Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

-

APN/PARCEL ID

30-119-22-31-0101

ASK ABOUT THIS PROPERTY

AJ PrinsCBREMore Info
952-210-0484

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AJ PrinsCBREMore Info
952-210-0484

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