8677 Parson Ave NE - Day Care Center FOR SALE


Otsego, MN 55330
$6,400,000 USD
602-541-1019
8677 Parson Ave NE, Otsego, MN for Sale
$6,400,000 USD
Day Care Center - FOR SALE
1/5
null | 7% Cap Rate

8677 Parson Ave NE
Otsego, MN 55330


HIGHLIGHTS

  • Brand New 15-Year Triple-Net (NNN) Lease with 7.5% Rental Increases
  • New High-Quality 2025 Construction
  • Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,150 Schools Across 11 Brands
  • Population in the Immediate Area is Projected to Increase 10% by 2029
  • Average Household Income Exceeds $130,000 in the Surrounding Area
  • Located in the Minneapolis MSA with 58,577 Residents in a 5-Mile Radius

OVERVIEW

Everbrook Academy offers an engaging, nurturing environment for every child, during the most critical early years, starting in infancy. Everbrook Academy is part of Learning Care Group, and has 71 schools open and in development across 14 states. Situated 33 miles from downtown Minneapolis, Otsego is optimally located with easy access to major freeway systems. Otsego is a northwest suburb of Minneapolis and is the largest city in Minnesota's Wright County with nearly 20,000 residents (as of the 2020 U.S. Census).

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$547 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Everbrook Academy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

118-262-000010

ASK ABOUT THIS PROPERTY

Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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