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150 Sparrow Rd
Waconia, MN 55387

$6,110,400 USD

Daycare Center For Sale  •  12,730 SF

Property Details

• Property Type Daycare Center
• Total Building Size 12,730 SF
• Lot Size 1.71 AC
• Building Class B
• Year Built 2024
• Cap Rate 7.00 %
• Tenancy Single

30 Walk Score

Highlights

New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.

Waconia is a fast-growing suburban community 30 miles west of Minneapolis and Minneapolis-Saint Paul International Airport (MSP).

~13 years remaining lease with 2.7% average annual rent escalations.

Average household income is $155,332, and the population is 26,519 residents within a 5-mile radius.

Waconia is adding hundreds of new homes and apartments, including over 500 residential units such as the 339-lot Pulte Homes subdivision.

Minutes from the center, the city is actively reconstructing downtown streets and utilities to support commercial revitalization.

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
New Creations Child Care	12,730 SF	8/14/2039

Amenities

• Signage

Public Transportation

Airport	Drive	Walk	Distance
Minneapolis-St Paul International/Wold-Chamberlain	43 min	-	31.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	41
Type:	Surface
Included in Rent:	Yes