Busy Bees - 12 Yr Abs NNN | 3300 E Union Hills Dr
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Busy Bees - 12 Yr Abs NNN 3300 E Union Hills Dr
9,492 SF Retail Building Phoenix, AZ 85050 $3,422,000 ($361/SF) 6.75% Cap Rate
Investment Highlights
- 12 Years Remaining on Absolute NNN Lease
- Tenant is Backed by The Ontario Teacher's Fund, Pension is Invested in Busy Bees
- 2% Annual Increases with Multiple Renewal Options
- Corporately Run Location from Busy Bees who Operates 990 Centers Globally, with 119 Centers in the US, and Strong Growth Plans.
- Average Household Income Exceeds $111,000 within a 5-Mile Radius
Executive Summary
Busy Bees is a leading international childcare business, focused on providing outstanding early years education to children, from babies, to school age. Founded in the UK in 1983, today Busy Bees operates around 1,000 sites in 10 countries, including the USA, Canada, Australia, Singapore, Malaysia and Italy. Our global diversification has also helped ensure the group’s ongoing resilience against economic, political and regulatory volatility in any particular territory.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11thlargest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11thlargest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
9,492 SF
Year Built
1990
Price
$3,422,000
Price Per SF
$361
Cap Rate
6.75%
NOI
$230,968
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.48 AC
Nearby Major Retailers
1 of 7
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Busy Bees - 12 Yr Abs NNN | 3300 E Union Hills Dr
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