8670 Parsons Ave NE | Otsego, MN 55330
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- LoopNet Team
8670 Parsons Ave NE
Otsego, MN 55330
Cadence Academy dba Lil' Explorers Childcare · Retail Property For Sale
Investment Highlights
- Brand New Absolute Triple-Net (NNN) Lease with 14 Years Remaining
- Situated Across from Target and an ALDI that is Currently In Development
- Households are Projected to Increase Over 11 Percent in the Immediate Area by 2027
- 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
- 54,714 Residents within a Five-Mile Radius - Minneapolis MSA
- Two Percent Annual Rental Increases
PROPERTY FACTS
Property Type
Retail
Property Subtype
Day Care Center
Building Size
16,126 SF
Building Class
C
Year Built
2020
Tenancy
Single
Building Height
2 Stories
Building FAR
0.24
Lot Size
1.53 AC
Zoning
C
PROPERTY TAXES
| Parcel Number | 118-338-001010 | Improvements Assessment | $2,562,000 |
| Land Assessment | $520,900 | Total Assessment | $3,082,900 |
PROPERTY TAXES
Parcel Number
118-338-001010
Land Assessment
$520,900
Improvements Assessment
$2,562,000
Total Assessment
$3,082,900
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