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Andover, MN 55304
Cadence Academy
Property Address
1485 Bunker Lake Blvd NW, Andover, MN, USA
Offering Summary
Price:
$3,048,000
Lot Size:
3.86 Acres
Cap Rate:
6.85%
Year Built:
2007 / 2021
Building SF:
8,540
Status:
Available
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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)
Broker Information
Spencer Berkley
Agent
Phone Number:
602.687.6836
Spencer.Berkley@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
Zack House
Agent
Phone Number:
602.687.6650
zhouse@marcusmillichap.com
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