Busy Bees - 12 Yr Abs NNN | 3700 W Ray Rd
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Busy Bees - 12 Yr Abs NNN 3700 W Ray Rd
10,904 SF Retail Building Chandler, AZ 85226 $3,553,000 ($326/SF) 6.50% 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 $128,000 within a 1-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.
Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round.
Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,904 SF
Year Built
1995
Price
$3,553,000
Price Per SF
$326
Cap Rate
6.50%
NOI
$230,968
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.46 AC
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
1 of 7
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Busy Bees - 12 Yr Abs NNN | 3700 W Ray Rd
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