150 Sparrow Road

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150 Sparrow Road

Waconia, MN 55387
Asking Price
$6.11M
Cap Rate
7%
Asset Type
Day Care/Nursery Retail
Class
Class B

What's Special

7% CAP Childcare Asset | ~14 Year NNN Lease | $155K Avg HH Income <ul><li>​New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.</li><li>​Waconia is a fast‑growing suburban community 30 miles west of Minneapolis and Minneapolis-Saint Paul International Airport (MSP).</li><li>​~13 years remaining lease with 2.7% average annual rent escalations.</li><li>​Average household income is $155,332, and the population is 26,519 residents within a 5-mile radius.</li><li>​Waconia is adding hundreds of new homes a

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NOI
$80,000
Cap Rate
1.31%
DSCR
0.22
Underwater
Cash-on-Cash
-15.43%
Monthly Payment
$30,230.925
Annual Cash Flow
$-282,771.103

Location & Travel Times