Busy Bees - 12 Yr Abs NNN | 4041 E Cactus Rd
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Busy Bees - 12 Yr Abs NNN 4041 E Cactus Rd
10,039 SF Retail Building Phoenix, AZ 85032 $3,553,000 ($354/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 $125,000 within a 5-Mile Radius
- 244,352 Residents 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,039 SF
Year Built
1992
Price
$3,553,000
Price Per SF
$354
Cap Rate
6.50%
NOI
$230,968
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.04 AC
Nearby Major Retailers
1 of 7
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Busy Bees - 12 Yr Abs NNN | 4041 E Cactus Rd
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