425 Technology Dr E - Day Care Center FOR SALE


Menomonie, WI 54751
$1,769,628 USD
612-413-4200
425 Technology Dr E, Menomonie, WI for Sale
$1,769,628 USD
Day Care Center - FOR SALE
1/5
null | 7.25% Cap Rate

425 Technology Dr E
Menomonie, WI 54751


HIGHLIGHTS

  • Absolute NNN Lease
  • Well-Suited & Located Property
  • Strong, Growing Tenant
  • Solid Market and Growing Population

OVERVIEW

Absolute NNN Lease - This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 12 years remaining and 2% annual rent increases. The tenant is currently paying below-market rent and the market has a very low vacancy rate of less than 1%. Well-Suited & Located Property - Strategically located near U.S. Hwy 12, a main corridor in Menomonie, but not along a high-traffic road. The newer building features nearly 12,000 square feet of space on almost 2 acres with great underlying real estate. The daycare is surrounded by several major local employers including Mayo Clinic, Anderson Corporation, Philips Plastics Corporation as well as several local schools. Strong, Growing Tenant - Little Sprouts, as a division of Little Newtons’ child care centers, has been serving families in Menomonie since 2011. Little Newton's was established in 2009 and has been steadily growing with 8 locations in Minnesota, Wisconsin and Illinois. Solid Market and Growing Population - Menomonie has a diverse and thriving community with a steadily growing population. While the population of Menomonie is about 16,700 it has had steady population growth. The population within a 10-mile radius of the property is over 30,000 with an average household income of over $77,000.

FOR SALE DETAILS

PRICE

$1,769,628 USD

PRICE/SF

$173 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Sprouts Academy | Menomonie, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

T1

APN/PARCEL ID

1725122813252300096

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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