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Child Care

Cadence Academy

1485 Bunker Lake Blvd NW, Andover, MN 55304

Listing Price: $3,048,000

Cap Rate
6.85%
Tenant Name
Cadence Education
Years Remaining On Lease
11.9
Gross SF
8,540
Guarantor
Corporate Guarantee
Rentable SF
8,540
Price/Gross SF
$356.91
Lease Type
Absolute Net
Rent Per Square Feet
$24.45

Investment Overview

Lil' Explorers Childcare Center is a preschool and daycare serving the Minneapolis MSA. It is part of the
Cadence Education family of brands. Cadence Education is one of the nation's premier early childhood educators. The company operates more than 300 private preschools and elementary schools within the Cadence Education Family of Schools.

Located in Minnesota's Anoka County, Andover is a safe and growing community that is home to over 32,600 residents. New commercial activities have increased with the construction of a number of new businesses throughout the city. Andover features more than 400 acres of community and neighborhood parks. Other recreational facilities include the 400-acre Anoka County Bunker Hills Regional Park and Bunker Hills Golf Course.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Approximately 12 Years Remaining
  • Corporate Guaranty by Cadence Education, One of the Largest Providers of Early Childhood Care in the U.S. with Over 300 Schools Across 40 Brands
  • Two Percent Annual Rental Increases
  • 150,785 Residents within a Five-Mile Radius - Minneapolis MSA
  • Average Household Income Exceeds $149,000 in the Immediate Area
  • High Visibility Location Near Signalized Intersection of Bunker Lake Blvd NW Hanson Blvd NW (Over 35,000 Cars Per Day)
  • Surrounded by Big Box National Retailers: Walmart, Target, CVS, Walgreens, Dollar Tree and Many More
  • Immediate Proximity to Major Thoroughfare U.S. Hwy 10 (Over 66,000 Cars Per Day)

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Child Care

Cadence Academy

Listing Price: $3,048,000

Cap Rate
6.85%
Tenant Name
Cadence Education
Years Remaining On Lease
11.9
Gross SF
8,540
Guarantor
Corporate Guarantee
Rentable SF
8,540
Price/Gross SF
$356.91
Lease Type
Absolute Net
Rent Per Square Feet
$24.45

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Approximately 12 Years Remaining
  • Corporate Guaranty by Cadence Education, One of the Largest Providers of Early Childhood Care in the U.S. with Over 300 Schools Across 40 Brands
  • Two Percent Annual Rental Increases
  • 150,785 Residents within a Five-Mile Radius - Minneapolis MSA
  • Average Household Income Exceeds $149,000 in the Immediate Area
  • High Visibility Location Near Signalized Intersection of Bunker Lake Blvd NW Hanson Blvd NW (Over 35,000 Cars Per Day)
  • Surrounded by Big Box National Retailers: Walmart, Target, CVS, Walgreens, Dollar Tree and Many More
  • Immediate Proximity to Major Thoroughfare U.S. Hwy 10 (Over 66,000 Cars Per Day)

Investment Overview

Lil' Explorers Childcare Center is a preschool and daycare serving the Minneapolis MSA. It is part of the Cadence Education family of brands. Cadence Education is one of the nation's premier early childhood educators. The company operates more than 300 private preschools and elementary schools within the Cadence Education Family of Schools. Located in Minnesota's Anoka County, Andover is a safe and growing community that is home to over 32,600 residents. New commercial activities have increased with the construction of a number of new businesses throughout the city. Andover features more than 400 acres of community and neighborhood parks. Other recreational facilities include the 400-acre Anoka County Bunker Hills Regional Park and Bunker Hills Golf Course.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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