5951 Labeaux NE ave - Retail FOR SALE
Albertville, MN 55301 |
$8,550,000 USD
858-373-3184
5951 Labeaux NE ave
Albertville, MN 55301
HIGHLIGHTS
- 15 Year Corp. Backed NNN Lease feat. a 10% Rental Increase in Year 6 Followed by 2% Annual Increases throughout the Remainder of the Term and Options.
- Situated Along Labeaux Avenue - the Property benefits from Strong Local Traffic Flow, Excellent Visibility and Direct Connectivity to the Minneapolis.
- KinderCare Learning Companies operates one of the Largest Early Education Platforms in the U.S.
- Located within a Dense Residential Corridor featuring New Single-Family Developments and Master-Planned Communities.
- Strategically Positioned within the Expanding Minneapolis-Saint Paul Metropolitan Area, benefiting from Strong Population Growth.
- Within one Mile of Fieldstone Elementary, St. Michael Middle School, and St. Michael High School, aligning with Kindercare’s Strategy.
OVERVIEW
KinderCare Learning Center | 15 Year Absolute Net Lease | Leading Provider of Early Childhood Education (ECE) in the U.S. | Brand New 2026 Construction | 10% Increase after 5 Years & 2% Annual Thereafter | Immediate Access to/from I-94 | Proximity to Major Employment Nodes | Within the Highly Regarded St. Michael-Albertville School District | Dense and Growing Residential Corridor | Affluent Area: $129k Avg. HHI
Minnesota Broker of Record: Jon Ruzicka | 1601 Utica Avenue South, Suite 301 Minneapolis, MN 55416 | P: (952) 852-9700 | Lic #: 40583288 | Jon.Ruzicka2@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$8,550,000 USD
PRICE/SF
$846 USD /SF
CAP RATE
6.9%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KINDERCARE LEARNING CENTER | 15 YEAR ABS. NET
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Day Care Center, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.77 AC
LAND SF
77,101 SF
ZONING
-
APN/PARCEL ID
101-500-351405
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858-373-3184
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858-373-3184
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