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|Building Area Gross||
|Call for Offers||2022-05-16|
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a single-tenant retail property located in Oak Park Heights, just outside of Stillwater city limits and within the Minneapolis-St. Paul MSA. The tenant, New Horizon Academy, is a family owned and operated daycare business with over 80 locations and 50 years of history. The property is fully occupied with over 10 years remaining on the tenant's lease. This triple net investment presents a unique opportunity to obtain steady, reliable cash flows while having minimal management responsibilities with the net lease structure.
- The property is occupied by a single tenant childcare facility on an absolute triple net lease
- New Horizon has 10 years remaining on their lease term
- The asset is located within the Twin Cities MSA, the 16th largest MSA in the nation with nearly 4 million residents
- The property is located just off an exit of Highway 36, traveled by 40,000 vehicles per day
- The area is characterized with strong demographics, with average household income 23% higher than the national average
- The building is situated on an outparcel to a grocery-anchored center adjacent to Stillwater High School