Marcus & Millichap is pleased to present a single-tenant absolute net-leased Kindercare Learning Center located in Saint Paul, Minnesota.

The subject property at 1541 Humboldt Avenue was built-to-suit for Kindercare in 1977 and has been a successful operation since that time. The building is approximately 4,950 square feet and resides in an ideal location next to a dense retail corridor. It area boasts strong demographics with a population of 234,000 within a five-mile radius and an average household income of $71,000.

The lease terms are very favorable to the landlord with zero landlord responsibilities and rent that is drastically below market. There are currently three years remaining on the base term, but a new investor can be confident that this space will remain occupied or recognize large upside. The investor will have significant leverage when negotiating with the current tenant due to the low rental rate.

This asset is ideal for any investor looking for a passive investment with upside potential.

Location Description:

Kindercare Learning Center is located in Saint Paul, Minnesota.

Highlights:

>> Absolute-Net Lease - Zero Landlord Responsibilities

>> Kindercare is the Largest Childcare Provider in America

>> Five Mile Population of 234,000 - Average Household Income of $71,000

>> Below Market Rent - $6.75 per Square Foot

>> Superb Location - Surrounded by National Retailers

>> Low Cost per Square Foot; $89.00

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Sales Info:

>> Cap rate: 7.57%

>> NOI: $33408