New Creations

• New Creations has 12+ years remaining on the lease with 3% annual rent increases beginning in year 6.
• New Creations was newly constructed in 2021 and is ideally located in the heart of six new housing developments consisting of 131 single family homes, 161 townhomes, 236 apartments and 150 senior living units creating a demand for childcare.
• Located across the intersection from a newly built Hy-Vee. Hy-Vee opened in 2019 and has been attracting adjacent development ever since.
• Excellent demographics with an average household income of $192,224 within a 1-mile radius and population of 110,800 within a 5-mile radius.
• Maple Grove serves as the retail, cultural, and medical center of the northwest region of the Minneapolis-Saint Paul metropolitan area.
• Maple Grove is home to Arbor Lakes, Minnesota’s first Lifestyle Center. With over 250 businesses, Arbor Lakes has it all with four distinct shopping areas including The Shoppes, The Fountains, The Village & Main Street. Combined these four shopping areas have more retail space than anywhere else in Minnesota.