Little Sprouts Academy | Menomonie, WI | 425 Technology Dr E
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Little Sprouts Academy | Menomonie, WI 425 Technology Dr E
10,225 SF Retail Building Menomonie, WI 54751 £1,418,357 (£139/SF) 7.25% Net Initial Yield
Investment Highlights
- Absolute NNN Lease
- Strong, Growing Tenant
- Well-Suited & Located Property
- Solid Market and Growing Population
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,225 SF
Building Class
C
Year Built
2015
Price
£1,418,357
Price Per SF
£139
Net Initial Yield
7.25%
NOI
£102,831
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
1.83 AC
Opportunity Zone
Yes
Zoning
T1
Parking
33 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
217 ft on Technology Drive East
PROPERTY TAXES
| Parcel Number | 1725122813252300096 | Improvements Assessment | £755,334 |
| Land Assessment | £157,415 | Total Assessment | £912,748 |
PROPERTY TAXES
Parcel Number
1725122813252300096
Land Assessment
£157,415
Improvements Assessment
£755,334
Total Assessment
£912,748
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Little Sprouts Academy | Menomonie, WI | 425 Technology Dr E
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