Skip to main content

Child Care

KinderCare Learning Center - Largest Childcare Provider in U.S. | 15 Yr Abs. Net | 2026 Construction

5951 Labeaux Ave NE, Albertville (Minneapolis MSA), MN 55301

Listing Price: $8,423,571

Cap Rate
7.00%
Tenant Name
KinderCare Learning Center
Years Remaining On Lease
15.1
Gross SF
10,108
Guarantor
Corporate Guarantee
Rentable SF
10,108
Price/Gross SF
$833.36
Lease Type
Absolute Net
Rent Per Square Feet
$58.33

Investment Overview

Albertville, Minnesota is strategically positioned within the northwestern portion of the Minneapolis–Saint Paul Metropolitan Statistical Area, one of the strongest and most diversified economies in the Midwest. Located along Interstate 94 approximately 35 miles northwest of Downtown Minneapolis, Albertville benefits from direct connectivity to both Minneapolis and St. Cloud, making it an attractive residential option for commuters seeking affordability, quality schools, and suburban amenities.

The city is widely recognized as a regional retail destination, anchored by the Albertville Premium Outlets, which draws visitors from throughout the Twin Cities region and central Minnesota. Surrounding national retailers including Costco, Walmart Supercenter, Menards, Coborn’s, Starbucks, and numerous quick-service restaurants create a well-established commercial corridor that supports consistent traffic patterns and daily consumer activity.

Albertville and the surrounding communities of St. Michael, Otsego, Rogers, and Monticello have experienced steady residential expansion driven by strong household formation, new single-family development, and continued demand for suburban living. The area is served by the St. Michael–Albertville School District, one of the region’s growing public school systems, further reinforcing long-term family-oriented demographics.

The broader Minneapolis–Saint Paul MSA supports over 3.6 million residents and is anchored by major employers including Target Corporation, UnitedHealth Group, 3M, Cargill, Medtronic, Allina Health, and numerous logistics and distribution operators along the I-94 corridor. This diversified employment base provides economic stability and sustained population growth across the region.

With its strong commuter connectivity, expanding residential base, established retail infrastructure, and proximity to major employment centers, Albertville represents a stable and growing suburban market within the greater Twin Cities metropolitan area.

Investment Highlights

  • 15 Year Corporate Backed NNN Lease Featuring a 10% Rental Increase in Year 6 Followed by 2% Annual Increases throughout the Remainder of the Term and Options. Brand New 2026 High Quality Construction.
  • Situated Along Labeaux Avenue - the Property benefits from Strong Local Traffic Flow, Excellent Visibility, and Direct Connectivity to the Minneapolis–Saint Paul MSA.
  • KinderCare Learning Companies operates one of the Largest Early Education Platforms in the U.S., w/ approx. 1,595 Community-Based Learning Centers & a Broader Network of 2,700+ Total Locations.
  • Located within a Dense Residential Corridor featuring New Single-Family Developments and Master-Planned Communities, supporting Long-Term Enrollment Demand through Continued Household Growth in the Albertville and Otsego Submarkets.
  • Strategically Positioned within the Expanding Minneapolis-Saint Paul Metropolitan Area, benefiting from Strong Population Growth and Household Formation. Features an Average Household Income of more than $129k within a 3-Mile Radius.
  • Within one Mile of Fieldstone Elementary, St. Michael Middle School, and St. Michael High School, aligning with Kindercare's Strategy of opening near Schools so Parents with Children of Different Ages can Conveniently Manage Multiple Drop-offs.
  • Minutes from Albertville Premium Outlets - a Regional Retail Destination featuring Nike, Under Armour, Coach, and more than 100 National Retailers Driving Consistent Daily Traffic and Strong Area Visibility.
  • Proximity to Major Employment Nodes - Conveniently Located near Employment Centers including North Memorial Health, Allina Health, Target Distribution Center, Walmart Distribution Center, and Numerous Regional Logistics and Manufacturing Employers. Immediate Access to/from Interstate 94 - providing Direct Connectivity to Minneapolis and St. Cloud, enhancing Accessibility for Commuting Families and Supporting Long-Term Residential Growth along this Major Transportation Corridor.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Child Care

KinderCare Learning Center - Largest Childcare Provider in U.S. | 15 Yr Abs. Net | 2026 Construction

Listing Price: $8,423,571

Cap Rate
7.00%
Tenant Name
KinderCare Learning Center
Years Remaining On Lease
15.1
Gross SF
10,108
Guarantor
Corporate Guarantee
Rentable SF
10,108
Price/Gross SF
$833.36
Lease Type
Absolute Net
Rent Per Square Feet
$58.33

Investment Highlights

  • 15 Year Corporate Backed NNN Lease Featuring a 10% Rental Increase in Year 6 Followed by 2% Annual Increases throughout the Remainder of the Term and Options. Brand New 2026 High Quality Construction.
  • Situated Along Labeaux Avenue - the Property benefits from Strong Local Traffic Flow, Excellent Visibility, and Direct Connectivity to the Minneapolis–Saint Paul MSA.
  • KinderCare Learning Companies operates one of the Largest Early Education Platforms in the U.S., w/ approx. 1,595 Community-Based Learning Centers & a Broader Network of 2,700+ Total Locations.
  • Located within a Dense Residential Corridor featuring New Single-Family Developments and Master-Planned Communities, supporting Long-Term Enrollment Demand through Continued Household Growth in the Albertville and Otsego Submarkets.
  • Strategically Positioned within the Expanding Minneapolis-Saint Paul Metropolitan Area, benefiting from Strong Population Growth and Household Formation. Features an Average Household Income of more than $129k within a 3-Mile Radius.
  • Within one Mile of Fieldstone Elementary, St. Michael Middle School, and St. Michael High School, aligning with Kindercare's Strategy of opening near Schools so Parents with Children of Different Ages can Conveniently Manage Multiple Drop-offs.
  • Minutes from Albertville Premium Outlets - a Regional Retail Destination featuring Nike, Under Armour, Coach, and more than 100 National Retailers Driving Consistent Daily Traffic and Strong Area Visibility.
  • Proximity to Major Employment Nodes - Conveniently Located near Employment Centers including North Memorial Health, Allina Health, Target Distribution Center, Walmart Distribution Center, and Numerous Regional Logistics and Manufacturing Employers. Immediate Access to/from Interstate 94 - providing Direct Connectivity to Minneapolis and St. Cloud, enhancing Accessibility for Commuting Families and Supporting Long-Term Residential Growth along this Major Transportation Corridor.

Investment Overview

Albertville, Minnesota is strategically positioned within the northwestern portion of the Minneapolis–Saint Paul Metropolitan Statistical Area, one of the strongest and most diversified economies in the Midwest. Located along Interstate 94 approximately 35 miles northwest of Downtown Minneapolis, Albertville benefits from direct connectivity to both Minneapolis and St. Cloud, making it an attractive residential option for commuters seeking affordability, quality schools, and suburban amenities. The city is widely recognized as a regional retail destination, anchored by the Albertville Premium Outlets, which draws visitors from throughout the Twin Cities region and central Minnesota. Surrounding national retailers including Costco, Walmart Supercenter, Menards, Coborn’s, Starbucks, and numerous quick-service restaurants create a well-established commercial corridor that supports consistent traffic patterns and daily consumer activity. Albertville and the surrounding communities of St. Michael, Otsego, Rogers, and Monticello have experienced steady residential expansion driven by strong household formation, new single-family development, and continued demand for suburban living. The area is served by the St. Michael–Albertville School District, one of the region’s growing public school systems, further reinforcing long-term family-oriented demographics. The broader Minneapolis–Saint Paul MSA supports over 3.6 million residents and is anchored by major employers including Target Corporation, UnitedHealth Group, 3M, Cargill, Medtronic, Allina Health, and numerous logistics and distribution operators along the I-94 corridor. This diversified employment base provides economic stability and sustained population growth across the region. With its strong commuter connectivity, expanding residential base, established retail infrastructure, and proximity to major employment centers, Albertville represents a stable and growing suburban market within the greater Twin Cities metropolitan area.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

MM Texture Background
MM Textured Background Lower