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4120 Edgewood Dr NE
Saint Michael, MN 55376 Wright Far Western Suburbs

$5,484,043 USD

Daycare Center For Sale  •  12,300 SF

Property Details

• Property Type Daycare Center
• Total Building Size 12,300 SF
• Lot Size 1.38 AC
• Building Class B
• Year Built 2023
• Cap Rate 7.00 %
• Tenancy Single

50 Walk Score

Highlights

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

St. Michael is a rapidly growing suburban community located 30? minutes northwest of Minneapolis in the Twin Cities metro.

12 years remaining on lease with 2% average annual rent escalations.

The city has more than 1,100 new single-family lots platted across multiple subdivisions including Fieldstone Passage, Foxtail Meadows, and more.

Average household income of $145,559 and a population of 49,588 residents within a 5-mile radius.

40 miles from Minneapolis-Saint Paul International Airport (MSP).

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
New Creations Child Care	12,300 SF	8/6/2038

Amenities

• Signage

Public Transportation

Airport	Drive	Walk	Distance
Minneapolis-St Paul International/Wold-Chamberlain	56 min	-	42.5 mi