New Creations Child Care & Learning Center | 18655 73rd Ave N
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New Creations Child Care & Learning Center 18655 73rd Ave N
12,789 SF Retail Building Maple Grove, MN 55311 £4,556,206 (£356/SF) 6.46% Net Initial Yield
Investment Highlights
- Multi-Unit Operator - New Creations Child Care & Learning Center has 20 locations throughout Minnesota and Central IA.
- Future Upside - Future upside potential due to below market rents that will adjust to market in the option periods.
- Rapid Growth Community - Maple Grove will see an estimated population increase of more than 50% by the year 2040.
- Long Term Lease with Strong Annual Rent Increases - 11+ years of lease term remain with attractive 3% annual increases commencing in 2026.
- New Development - Immediate trade area contains newly constructed Hyvee , Chipotle, Car Wash and 6 housing developments consisting of 700+ units.
- High Income Trade Area - Average household income within a three mile radius of the subject property is $200K+
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Centre
Building Size
12,789 SF
Building Class
C
Year Built
2021
Price
£4,556,206
Price Per SF
£356
Net Initial Yield
6.46%
NOI
£294,304
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
1.55 AC
Frontage
294 ft on Troy Lane North
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 30-119-22-31-0101 | Improvements Assessment | £1,573,038 |
| Land Assessment | £865,781 | Total Assessment | £2,438,818 |
PROPERTY TAXES
Parcel Number
30-119-22-31-0101
Land Assessment
£865,781
Improvements Assessment
£1,573,038
Total Assessment
£2,438,818
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New Creations Child Care & Learning Center | 18655 73rd Ave N
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