Tierra Encantada | St. Louis Park, MN | 4140 Excelsior Blvd
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Tierra Encantada | St. Louis Park, MN 4140 Excelsior Blvd
14,600 SF Retail Building Saint Louis Park, MN 55416 $9,080,228 CAD ($622 CAD/SF) 6.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Affluent Neighborhood
- Vibrant Community Hub
- Enhanced Building with Unmatched Location
- High Visibility and Accessibility
- Strong, Growing Tenant
EXECUTIVE SUMMARY
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.
Enhanced Building with Unmatched Location -
Recently renovated 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. The tenant recently received a $38 Million Primary Growth Investment from Susquehanna Growth Equity (SGE) to fuel growth across the U.S.
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.
Enhanced Building with Unmatched Location -
Recently renovated 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. The tenant recently received a $38 Million Primary Growth Investment from Susquehanna Growth Equity (SGE) to fuel growth across the U.S.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,600 SF
Building Class
C
Year Built/Renovated
1956/2024
Price
$9,080,228 CAD
Price Per SF
$622 CAD
Cap Rate
6.80%
NOI
$617,513 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.45
Lot Size
0.75 AC
Zoning
Commercial
Parking
18 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
191 ft on Excelsior Blvd
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Tierra Encantada
- -
- 99,999 SF
- -
- Lorem Ipsum
- -
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Tierra Encantada | - | 99,999 SF | - | Lorem Ipsum | - |
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
Parcel Number | 06-028-24-44-0001 | Improvements Assessment | $1,166,470 CAD |
Land Assessment | $1,041,923 CAD | Total Assessment | $2,208,393 CAD |
PROPERTY TAXES
Parcel Number
06-028-24-44-0001
Land Assessment
$1,041,923 CAD
Improvements Assessment
$1,166,470 CAD
Total Assessment
$2,208,393 CAD
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Tierra Encantada | St. Louis Park, MN | 4140 Excelsior Blvd
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