Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc
$4,724,839
Busy Bees (Corporate) - Berlin (Hartford), CT
Details
Property Type Retail
Sub Type Convenience Store, Day Care/Nursery
Square Footage 11,000
Cap Rate 6.5%
NOI $307,115
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience, KinderCare Learning Center
Lease Type Absolute NNN
Lease Expiration 06/29/2037
Remaining Term 11.1
Rent Bumps Yes
Lease Options 3, 5-Year Options
Price per SqFt $430
Year Built 2013
Acreage 2.640
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
- Minutes from Route 9 (Exit 24), Drawing Enrollment from Hartford, New Britain, Cromwell, and Middletown Commuter Corridors
- Population Counts Exceed 148K+ in a 5-Mile Radius
- Average HH Income of $106K+ in a 5-Mile Radius Projected to Grow by 8% by ‘30
- Nearby National Brands Include Stop & Shop, McDonald’s, CVS, AutoZone, and More
- Feeder School for Vance Elementary School, Northend Elementary School, Lincoln Elementary School, and Mary E. Griswold Elementary School
- $482 Million Spent on Education & Day Care in a 10-Mile Radius
Listing Contacts
Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$307,115.00
$25,592.92/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage Phone
Is there information that looks off?
