150 Sparrow Rd - Day Care Center FOR SALE


Waconia, MN 55387
$6,110,400 USD
512-543-7437
150 Sparrow Rd, Waconia, MN for Sale
$6,110,400 USD
Day Care Center - FOR SALE
1/5
null | 7% Cap Rate

150 Sparrow Rd
Waconia, MN 55387


HIGHLIGHTS

  • New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.
  • Waconia is a fast-growing suburban community 30 miles west of Minneapolis and Minneapolis-Saint Paul International Airport (MSP).
  • ~13 years remaining lease with 2.7% average annual rent escalations.
  • Average household income is $155,332, and the population is 26,519 residents within a 5-mile radius.
  • Waconia is adding hundreds of new homes and apartments, including over 500 residential units such as the 339-lot Pulte Homes subdivision.
  • Minutes from the center, the city is actively reconstructing downtown streets and utilities to support commercial revitalization.

OVERVIEW

We are pleased to exclusively offer for sale the 12,730 SF New Creations Child Care located at 150 Sparrow Road in Waconia, MN. The property is leased to New Creations Child Care and Learning Center, a well-established regional operator with 20 locations across Minnesota and Iowa. This investment features approximately 13 years of remaining lease term with favorable 2.7% annual rent escalations, offering predictable income growth and long-term stability. The combination of extended lease duration, contractual rent increases, and an essential-service tenant provides investors with a secure, passive investment opportunity positioned for durable cash flow. In Association with ParaSell, Inc. | A Licensed Minnesota Broker #40685007 BoR: Scott Reid - Lic. MN #40685006

FOR SALE DETAILS

PRICE

$6,110,400 USD

PRICE/SF

$480 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Creations Child Care- Waconia, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

-

APN/PARCEL ID

75.3540020

ASK ABOUT THIS PROPERTY

Seth KrepistmanSands Investment Group Austin, LLCMore Info
512-543-7437

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Seth KrepistmanSands Investment Group Austin, LLCMore Info
512-543-7437

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