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New Creations Child Care - Ramsey, MN 6139 157th Ln NW 12,341 SF Retail Building Ramsey, MN 55303 $6,281,455 CAD ($508.99 CAD/SF) 7% Cap Rate
Investment Highlights
- New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.
- 11+ years remaining on initial term with 2% average annual rent escalations.
- Ramsey and neighboring Anoka share a large 1,000-acre business park that is home to multiple major companies.
- Ramsey is an emerging suburban market within the major Twin Cities metro, located 30 minutes from both Minneapolis and Saint Paul.
- 40 miles from Minneapolis-Saint Paul International Airport (MSP).
- Average household income of $132,859 and a population of 66,248 residents within a 5-mile radius of the center.
Executive Summary
We are pleased to exclusively offer for sale the 12,341 SF New Creations Child Care located at 6139 157th Lane NW in Ramsey, MN. This offering presents a stabilized, long-term Triple Net (NNN) Leased investment backed by a regional childcare provider with 20 locations across Minnesota and Iowa, and the property features 11+ years remaining on the initial lease term, with 2% average annual rent escalations, providing investors with predictable income growth and durable cash flow. The center serves families within the growing Ramsey submarket, an emerging suburban community positioned approximately 30 minutes from both Minneapolis and Saint Paul within the Twin Cities metropolitan area.
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
Day Care Center
Building Size
12,341 SF
Building Class
C
Year Built
2008
Price
$6,281,455 CAD
Price Per SF
$508.99 CAD
Cap Rate
7%
NOI
$439,709 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
5.51 AC
Zoning
Commercial
Parking
40 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
496’ on 157th Ln NW
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- New Creations Child Care
- Educational Services
- 9,222 SF
- $35.63 CAD
- Triple Net
- Jan 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| New Creations Child Care | Educational Services | 9,222 SF | $35.63 CAD | Triple Net | Jan 2038 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-32-25-34-0035 | Improvements Assessment | $2,125,912 CAD |
| Land Assessment | $408,321 CAD | Total Assessment | $2,534,233 CAD |
Property Taxes
Parcel Number
14-32-25-34-0035
Land Assessment
$408,321 CAD
Improvements Assessment
$2,125,912 CAD
Total Assessment
$2,534,233 CAD
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New Creations Child Care - Ramsey, MN | 6139 157th Ln NW
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