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| Price $6,268,850 | Built/Renov 2021 | Tenant New Creations Child Care |
| Cap Rate 6.00% | Lease Type
Double NN | Guarantor Corporate |
| Size/SF
12,789
| Lease Start
07-01-2021
| #Units
17
|
| Price/SF $490.18 | Expiration
06-30-2036
| Tenant Type Daycare/Education |
| NOI $376,131 | R. Term 11.6 | Ownership Fee Simple |
| Rent/SF
$29.41
| Increases 2.0%/3/yrs | Pop 5Mi 111,165 |
| Lot/AC 1.55 | Options 2/5yrs/2% | AHHI 5Mi $131,195 |
| | |
New Creations was newly constructed in 2021 and is ideally located in the heart of six new housing developments consisting of 131 single family homes, 161 townhomes, 236 apartments and 150 senior living units, creating a demand for childcare. It is located across the intersection from a newly built Hy-Vee. Hy-Vee opened in 2019 and has been attracting adjacent development ever since. The...
...New construction
Strategically located
Highway location
Strong tenant synergy
Dense 100M+ pop 5 mi
Strong demographics
New development zone
Long 10+ yr lease
Annual rent increases
Personal guarantee
New Creations Child Care is a family-owned and operated licensed child care program that began in a small church in Blaine in 2011. New Creations has 17 locations throughout Minnesota and is...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 9,688 | 51,511 | 114,322 |
| 2023 Total Population : | 9,141 | 50,494 | 110,800 |
| 2023 Employed Civilian Pop : | 4,797 | 27,606 | 63,094 |
| 2023 Total Businesses : | 74 | 549 | 2,615 |
| 2023 Average Household Income : | $ 192,224 | $ 199,133 | $ 175,029 |
| 2023 Total Consumer Spending : | $ 507 M | $ 2774 M | $ 5974 M |
| 2023 Median Age : | 36 | 38 | 40 |
| 2023 Total Households : | 3,155 | 16,686 | 40,577 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,183 | 13,707 | 29,786 |
| 2023 Average Home Value : | $ 557,972 | $ 550,515 | $ 505,130 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Bass Lake Rd | Troy Ln N | 2011 | 7,600 | 0.11 mi |
| Troy Ln N | 74th Ave N | 2017 | 8,000 | 0.17 mi |
| Brockton Ln N | Bass Lake Rd | 2017 | 6,300 | 0.33 mi |
| Bass Lake Rd | Peony Ln N | 2017 | 7,400 | 0.43 mi |
| Bass Lake Rd | Shadyview Ln N | 2019 | 8,300 | 0.45 mi |
| Bass Lake Rd | Larkin Rd | 2017 | 6,200 | 0.51 mi |
| Brockton Ln N | 68th Ave N | 2019 | 6,600 | 0.58 mi |
| Lawndale Ln N | 72nd Ave N | 2017 | 7,800 | 0.73 mi |
| Troy La | 80th Ave N | 2019 | 7,500 | 0.78 mi |
| Lawndale la N | 69th Pl N | 2017 | 7,300 | 0.86 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
