Busy Bees - 12 Yr Abs NNN | 21468 N 75th Ave
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Busy Bees - 12 Yr Abs NNN 21468 N 75th Ave
10,730 SF Retail Building Glendale, AZ 85308 $4,915,532 CAD ($458 CAD/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 $140,000 within a 1-Mile Radius
- 232,516 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. 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 city of Glendale is the sports destination for all of Arizona. Located about 9 miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. The city's estimated 2020 population was just under 250,000.
The city of Glendale is the sports destination for all of Arizona. Located about 9 miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. The city's estimated 2020 population was just under 250,000.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Centre
Building Size
10,730 SF
Year Built
1998
Price
$4,915,532 CAD
Price Per SF
$458 CAD
Cap Rate
6.75%
NOI
$331,774 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.90 AC
Nearby Major Retailers
1 of 7
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Busy Bees - 12 Yr Abs NNN | 21468 N 75th Ave
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