The lease terms are very favorable to the landlord with zero landlord responsibilities and CPI every five years not to exceed seven percent. There are currently seven years remaining on the lease with four, five-year options. Sales Info: ■ Cap rate: 6.5% ■ NOI: $211,526 Location Description: The subject property is 9,500 square feet, was built in 2007 and is located less than 200 feet west of State Route 101. The surrounding area is highly conducive to childcare centers and includes elementary schools, parks, dance/karate centers and abundant residential housing. There is extensive national retail in close proximity including Kohls, Walgreens, Dollar Tree, UPS, GNC, Anytime Fitness and several prominent QSR brands. The city of Rogers encompasses eight square miles in Hennepin County, Minnesota and is a northwest suburb of the Minneapolis-Saint Paul MSA. Interstate 94 goes directly through Rogers from the southeast through the northwest. Between the 2000 and 2010 census, the population of Rogers grew by nearly 140 percent, an annualized growth rate in excess of nine percent. Rogers enjoys strong median household income in excess of $96,000. Highlights: ■ Rare and Unique Opportunity to Acquire a Portfolio of Six Childcare Centers in Five States - Properties may also be Acquired Individually ■ Each Property is Subject to its own Absolute-Net Lease - Zero Landlord ResponsibilitiesPortfolio Average Lease Term Remaining is in Excess of 10 Years ■ All Leases have Corporate Guarantee of Knowledge Universe Education, LLC- Largest For-Profit Provider of Early Childhood Education Serving 198 Thousand Children per Year - $1.5 Billion in Annual Revenue from Operations from Renowned Brands Including KinderCare, Knowledge Beginnings, CCLC and Champions ■ Well-Positioned Portfolio - Three of the Six Properties are Located in the Top 50 MSAs and Five of the Six are Located in the Top 100 MSAs « show less
The lease terms are very favorable to the landlord with zero landlord responsibilities and CPI every five years not to exceed seven percent.... show more »
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