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KinderCare 4640 Knutsen Dr 6,519 SF Retail Building Farmington, MN 55024 $10,658,821 CAD ($1,635.04 CAD/SF) 7% Cap Rate
Investment Highlights
- KinderCare: largest for-profit childcare provider with 2,600+ locations nationwide
- 18-year Absolute NNN lease with no day-to-day landlord responsibilities
- Average household income exceeding $145,000 within a five-mile radius
- Publicly traded on NYSE: KLC; raised $576M in October 2024 IPO
- Full-term corporate guaranty backed by KinderCare Learning Companies, Inc.
- Located in Minneapolis–St. Paul MSA with 3.79+ million residents
Executive Summary
Kurt Sauer
License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
(866) 889-0550
License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,519 SF
Building Class
B
Year Built
2026
Price
$10,658,821 CAD
Price Per SF
$1,635.04 CAD
Cap Rate
7%
NOI
$746,117 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.37 AC
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-82600-03-020 | Improvements Assessment | $0 CAD |
| Land Assessment | $377,847 CAD | Total Assessment | $377,847 CAD |
Property Taxes
Parcel Number
14-82600-03-020
Land Assessment
$377,847 CAD
Improvements Assessment
$0 CAD
Total Assessment
$377,847 CAD
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KinderCare | 4640 Knutsen Dr
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