Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc
$6,047,862
Busy Bees (Corporate) - Cheshire (New Haven), CT
Details
Property Type Retail, Special Purpose
Sub Type Convenience Store, Day Care/Nursery
Square Footage 16,005
Cap Rate 6.5%
NOI $393,111
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience, KinderCare Learning Center
Lease Type Absolute NNN
Lease Expiration 12/30/2037
Remaining Term 11.6
Lease Options 3, 5-Year Options
Price per SqFt $378
Year Built 2017
Year Renovated 2026
Acreage 4.800
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
1000 Locations | Absolute NNN | Corporate Guaranty
Marketing description
In Association with Scott Reid & ParaSell, Inc. | A Licensed Connecticut Broker #REB.0792680
Investment highlights
- Absolute NNN Lease w/ No Landlord Responsibilities
- Corporate Guaranty (Full Duration of the Lease)
- Annual Rental Increases
- Established and Profitable Location
- Portfolio of 4 Education/Childcare Properties Available Together or Individually (Contact Broker)
Tenant highlights
- Busy Bees Operates 1,000 Centers Globally, w/ 170+Centers in the US, and has Strong Growth Plans
- Significant Investment from The Ontario Teacher's Pension (OTP, OTP is Invested In Brands Like Flynn Restaurant Group, PODS, BroadStreet Partners & Many More
- Significant Investment from Temasek Based in Singapore, Temasek Owns a $382B Portfolio in Financial Services, Transportation & Industrials, Telecommunications, Media & Technology, Consumer & Real Estate, Life Sciences, and Agri-Food
- 100% Corporate, No Franchising
- Busy Bees Was Founded in 1983
Location highlights
- Located Minutes from Stone Bridge Crossing, a 107-Acre Development Delivering 440+ Residential Units, a Whole Foods-Anchored Retail Center, and a Homewood Suites Hotel
- Whole Foods Market North Atlantic Distribution Center Located Less Than One Mile from the Property, Providing a Significant Local Employment Base
- Population Counts Exceed 107K+ in a 5-Mile Radius
- Excellent Average HH Income of $190K+ in a 1-Mile Radius
- Nearby National Brands Include Dunkin, Whole Foods, Chipotle, Shake Shack, The Home Depot, Stop & Shop, Chick-fil-A, and More
- Feeder School for Chapman Elementary School, Highland Elementary School, Hanover Elementary School, and South End Elementary School
- $341 Million Spent on Education & Day Care in a 10-Mile Radius
Listing Contacts
Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$393,111.00
$32,759.25/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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