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103 Homestead Rd
Mankato, MN 56001 University

$2,700,000 USD

Daycare Center For Sale  •  11,200 SF

Property Details

  • Property Type Daycare Center
  • Total Building Size 18,586 SF
  • Lot Size 1.38 AC
  • Building Class B
  • Year Built 1979
  • Tenancy Single
  • Zoning Commercial
40 Transit Score
50 Walk Score

Highlights

STRONG TENANT COVENANT - The facility is leased to Fraser, Minnesota’s largest and most experienced provider of autism and mental health services
LONG-TERM LANDLORD - Fraser entered into an initial 7 year lease in which they reimburse landlord for most expenses including a 5% administrative fee
HIGH DEMAND FOR SERVICES - Fraser operates in a sector with significant and growing demand, as 1 in 44 children in Minnesota are diagnosed with autism
FRASER’S GROWTH - Fraser has a strong track record of growth, innovation, and expanding its services and locations to meet community needs
STRATEGICALLY LOCATED - Situated in Mankato, MN, the facility benefits from serving a vital regional center, potentially expanding Fraser’s reach
FRESHLY RENOVATED - A new owner will benefit from significant property improvements in excess of $500,000 to the property to accommodate the new lease

Property Flyers

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 31
Type: Surface
Included in Rent: Yes
AJ Prins 952-210-0484 CBRE
AJ Prins 952-210-0484 CBRE