Otsego, MN 55330

Cadence Academy dba Lil' Explorers Childcare

Property Address

8670 Parson Ave NE, Otsego, MN 55330, USA

Offering Summary

  • Price: $4,080,000
  • Lot Size: 1.53 Acres
  • Year Built: 2020
  • Building SF: 16,126
  • Status: In Escrow
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  • Brand New Absolute Triple-Net (NNN) Lease with 14 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
  • Situated Across from Target and an ALDI that is Currently In Development
  • 54,714 Residents within a Five-Mile Radius - Minneapolis MSA
  • Households are Projected to Increase Over 11 Percent in the Immediate Area by 2027
  • Two Percent Annual Rental Increases
  • Easily Accessible via Parrish Avenue NE with Immediate Access to MN Highway 101
  • Average Household Income Exceeds $124,000 within a Five-Mile Radius
  • Surrounded by New Residential Developments, Including Lennar at Parrish Meadows (a Master-Planned Community Featuring 90+ Townhomes) and The Village of Otsego (190+ Luxury Apartment Units)

Broker Information