Off Market
Becker, MN - Little Newton's
12601 Birch Avenue | Becker, MN 55308
Description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Red Balloon Child Care Center by Little Newton’s investment property located in Becker, Minnesota. The tenant, Red Ballon Child Care Center, will sign an early extension at the close of escrow, bringing the term remaining to over 12 years with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Location
The asset is located near the hard corner intersection of US Highway 10 and Sherburne Ave which combine to average over 25,000 vehicles passing by daily. US Highway 10 is the major retail thoroughfare serving the city of Becker. The asset is in close proximity to a shopping center that features national/credit tenants such as McDonald’s, The UPS Store, Dairy Queen, Kwik Trip, as well as many local/regional tenants. In addition, the subject property is in close proximity to the Becker Elementary, Intermediary, and High School which serves over 2,800 students. The Red Balloon Child Care Center is in the center of a primary retail corridor with other nearby national/credit tenants including Dollar General, Domino’s, Snap Fitness, Godfather’s Pizza, Subway, Liberty Tax, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 11,800 residents and 3,200 employees with an average household income of $128,110.
Contact
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215