Single Tenant Retail (NNN)
May 17, 2012
Opportunity to purchase a KinderCare Learning Center located in Coon Rapids, Minnesota, 15 miles north of the Twin Cities, for $600,000 at an 8.00% cap rate. The KinderCare is located off highly traveled Coon Rapids Boulevard with traffic counts of 29,228 cars per day in an established neighborhood. Outstanding five mile population of 213,768 with an average household income of $86,308. Also, within a 5-mile radius there are 54,996 Families and 29,357 children under 9 years of age. The Tenant has recently exercised one of their 5-year options commencing March 2011. There is one 5-year option remaining with a 3.1% rent increase. KinderCare Learning Centers was acquired by Knowledge Learning and is the nation’s leading early childhood education and care provider operating more than 1,700 centers across the country.