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4120 Edgewood Dr NE
Saint Michael, MN 55376
New Creations Child Care - St. Michael, MN · Retail Property For Sale
Investment Highlights
- New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.
- 12 years remaining on lease with 2% average annual rent escalations.
- Average household income of $145,559 and a population of 49,588 residents within a 5-mile radius.
- St. Michael is a rapidly growing suburban community located 30? minutes northwest of Minneapolis in the Twin Cities metro.
- The city has more than 1,100 new single-family lots platted across multiple subdivisions including Fieldstone Passage, Foxtail Meadows, and more.
- 40 miles from Minneapolis-Saint Paul International Airport (MSP).
Executive Summary
We are pleased to exclusively offer for sale the 12,300 SF New Creations Child Care located at 4120 Edgewood Drive NE in St. Michael, MN. This offering presents a stabilized Triple Net (NNN) Lease investment backed by New Creations Child Care and Learning Center, a regional operator with 20 locations across Minnesota and Iowa. The property features approximately 12 years remaining on the lease term with 2% average annual rent escalations, providing consistent income growth and long-term cash flow stability. The tenant’s established regional footprint and operating history further reinforce the durability of the investment.
In Association with ParaSell, Inc. | A Licensed Minnesota Broker #40685007 BoR: Scott Reid - Lic. MN #40685006
In Association with ParaSell, Inc. | A Licensed Minnesota Broker #40685007 BoR: Scott Reid - Lic. MN #40685006
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,300 SF
Building Class
B
Year Built
2023
Price
$7,671,463 CAD
Price Per SF
$623.70 CAD
Cap Rate
7%
NOI
$537,002 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.38 AC
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