Little Sprouts | Menomonie, WI
$1,624,052
425 Technology Dr E, Menomonie, WI 54751
7.9
Cap Rate
128,381
NOI
Details:
Description:
Absolute NNN Lease -
This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 10 years remaining and 2% annual rent increases. The tenant is currently paying below-market rent, and the market has a very low vacancy rate of less than 2%.
Well-Suited & Located Property -
Strategically located near U.S. Hwy 12, a main corridor in Menomonie, but not along a high-traffic road. The newer building features over 10,000 square feet of space on almost 2 acres with great underlying real estate. The daycare is surrounded by several major local employers, including Mayo Clinic, Anderson Corporation, Philips Plastics Corporation, as well as several local schools.
Strong, Growing Tenant -
Little Sprouts, as a division of Little Newton’s child care centers, has been serving families in Menomonie since 2011. Little Newton's was established in 2009 and has been steadily growing with 7 locations in Minnesota, Wisconsin, and Illinois.
Solid Market and Growing Population -
Menomonie has a diverse and thriving community with a steadily growing population. While the population of Menomonie is about 16,700, it has had steady population growth. The population within a 10-mile radius of the property is over 30,000 with an average household income of over $88,000.
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Documents:
| Title | ||
|---|---|---|
| Little_Sprouts_Academy___Menomonie__WI_OM.pdf |
Location
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