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