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Bright Beginnings Academy | Burnsville, MN 100 Cobblestone Ln 6,175 SF Retail Building Burnsville, MN 55337 $2,171,712 CAD ($351.69 CAD/SF) 7.91% Cap Rate
Investment Highlights
- Absolute NNN Lease with Annual Rent Increases
- Prime Retail-Dense Location
- Strong Demographics
- Located Adjacent to Major Regional Hospital
- Excellent Connectivity and Visibility
- Strong, Growing Tenant
Executive Summary
Absolute NNN Lease with Annual Rent Increases -
This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 10 years remaining and 2% annual rent increases.
Located Adjacent to Major Regional Hospital -
Situated immediately next to M Health Fairview Ridges Hospital, one of the area's largest employers.
Prime Retail-Dense Location -
Situated in a thriving retail corridor, the property benefits from proximity to national and regional retailers including Costco, Target, The Burnsville Shopping Mall, and many others.
Excellent Connectivity and Visibility -
Positioned near key commuter routes, including I-35 and County Road 42, the property benefits from significant daily traffic counts and steady commuter flow between Burnsville and the Minneapolis/St. Paul urban core, enhancing both visibility and accessibility.
Strong Demographics -
Burnsville boasts a robust economy and a steadily growing population. The area is home to a large number of families, with a 9% higher concentration of children aged 0-4 compared to the national average.
Strong, Growing Tenant -
Bright Beginnings Academy, a division of Little Newtons’ child care centers, was established in 2020 and has been steadily growing with 7 locations in Minnesota, Wisconsin, and Illinois.
This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 10 years remaining and 2% annual rent increases.
Located Adjacent to Major Regional Hospital -
Situated immediately next to M Health Fairview Ridges Hospital, one of the area's largest employers.
Prime Retail-Dense Location -
Situated in a thriving retail corridor, the property benefits from proximity to national and regional retailers including Costco, Target, The Burnsville Shopping Mall, and many others.
Excellent Connectivity and Visibility -
Positioned near key commuter routes, including I-35 and County Road 42, the property benefits from significant daily traffic counts and steady commuter flow between Burnsville and the Minneapolis/St. Paul urban core, enhancing both visibility and accessibility.
Strong Demographics -
Burnsville boasts a robust economy and a steadily growing population. The area is home to a large number of families, with a 9% higher concentration of children aged 0-4 compared to the national average.
Strong, Growing Tenant -
Bright Beginnings Academy, a division of Little Newtons’ child care centers, was established in 2020 and has been steadily growing with 7 locations in Minnesota, Wisconsin, and Illinois.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,175 SF
Building Class
C
Year Built/Renovated
1984/1995
Price
$2,171,712 CAD
Price Per SF
$351.69 CAD
Cap Rate
7.91%
NOI
$171,674 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.00 AC
Zoning
B3 PUD - Planed Unit Development
Parking
20 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
159’ on Cobblestone Lane
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-26102-01-022 | Improvements Assessment | $754,052 CAD |
| Land Assessment | $541,857 CAD | Total Assessment | $1,295,908 CAD |
Property Taxes
Parcel Number
02-26102-01-022
Land Assessment
$541,857 CAD
Improvements Assessment
$754,052 CAD
Total Assessment
$1,295,908 CAD
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Bright Beginnings Academy | Burnsville, MN | 100 Cobblestone Ln
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