Tierra Encantada | St. Louis Park, MN

Description:

Absolute NNN Lease -
This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 10 years remaining, featuring annual rent increases, two 5-year options, and financial reporting. Plus, the location benefits from being a hometown market location for Tierra Encantada.

Enhanced Building with Unmatched Location -
The property recently underwent $2.5M in renovations to meet tenant specifications. The building features over 11,000 square feet of main floor space, complemented by 3,600 square feet of lower level space that has been renovated for employee offices, a break room, and activity rooms. In addition, the property has a new HVAC system, parking lot, and playground.

Affluent Neighborhood -
Located in an affluent Twin Cities suburb with strong demographics and consistent population growth, the area features an average household income exceeding $130,000 within a two-mile radius. St. Louis Park, a first-ring suburb directly west of Minneapolis, is a well-to-do community characterized by higher-than-average levels of education and income. The area is renowned for its excellent schools, vibrant amenities, and exceptional quality of life.

High Visibility and Accessibility -
Strategically located along Excelsior Boulevard, the property offers exceptional visibility in a high-traffic area. Dual access points from Excelsior Boulevard and 36th Street, along with the property's close proximity to major transportation routes make this location highly accessible.

Vibrant Community Hub -
Situated in a lively and growing area, this property is surrounded by trendy retailers, popular restaurants, and diverse residential options. The city's blend of small-town charm and metropolitan convenience contributes to its appeal among affluent individuals and families.

Strong, Growing Tenant -
The property is leased to Tierra Encantada, a steadily expanding provider of bilingual early childhood education. Recognized as a Top New and Emerging Franchise, Tierra Encantada is considered a leader in Spanish Immersion Early Education, operating multiple locations nationwide with plans to add 15 more locations in the next two years. The tenant recently received a $38 Million Primary Growth Investment from Susquehanna Growth Equity (SGE) to fuel growth across the U.S.

St. Louis park is a first ring suburb in the Twin Cities, just west of Minneapolis and surrounded by the communities of Edina, Golden Valley, Minnetonka, Plymouth, and Hopkins. The community is conveniently located just a few miles from downtown Minneapolis. The population of St. Louis Park is just about 50K, but continues to grow with the surrounding communities and is part of an affluent area of the Twin Cities metro. The community is self proclaimed as Minnesota’s Sweet Spot with a wide variety of retail stores and family-owned businesses, hotels, restaurants and attractions, as well as close proximity to Twin Cities’ amenities. St. Louis Park is also know for it's highly rated school system, an abundance of parks and trails and public art initiatives including murals, sculptures and sidewalk poetry.

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