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Views: 93 DOM: 245 Updated: 06.28.24 Posted: 02.08.24 Status: Active 05.02.24

Summary

Price $7,944,444
Built/Renov 2024
Tenant Busy Bees
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 13,691
Lease Start 08-01-2024
#Units 990
Price/SF $580.27
Expiration 07-31-2039
Tenant Type Daycare/Education
NOI $536,250
R. Term 14.9
Ownership Fee Simple
Rent/SF $39.17
Increases 10.0%/5/yrs
Pop 5Mi 206,090
Lot/AC 1.76
Options 2/5yrs/10%
AHHI 5Mi $114,544

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 2 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Busy Bees is strategically located at the hard corner intersection of West Van Buren Street and North Litchfield Road, with access to a combined daily traffic count of 38,040 vehicles. The property enjoys close proximity to I-10, which sees a substantial traffic count of 189,585 VPD. Within the vicinity, there are well-known national retailers such as O'Reilly Auto Parts, Arby's, Sam's Club,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Busy Bees is a UK-based childcare program with a reputation for providing the highest-quality childcare and preschool programs that can be found anywhere, continuously raising the bar for the...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,560 96,358 219,567
2023 Total Population : 4,993 90,868 202,794
2023 Employed Civilian Pop : 2,214 42,813 94,571
2023 Total Businesses : 419 2,159 3,281
2023 Average Household Income : $ 59,740 $ 109,425 $ 114,967
2023 Total Consumer Spending : $ 86 M $ 2910 M $ 6502 M
2023 Median Age : 30 34 34
2023 Total Households : 1,633 30,684 65,472
2023 Pop Age 25+: Bachelor's Degree : 178 10,578 24,015
2023 Average Home Value : $ 359,752 $ 398,871 $ 414,048
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Van Buren St N Litchfield Rd 2010 15,007 0.07 mi
S Litchfield Rd E la Mar Blvd 2010 20,058 0.22 mi
N Litchfield Rd W Auto Dr 2015 27,000 0.28 mi
North Litchfield Road W Test Dr 2019 25,978 0.38 mi
W Van Buren St 143rd Ave 2008 20,385 0.39 mi
W Van Buren St N la Jolla Blvd 2010 17,493 0.41 mi
I-10 Exit 128 A-Ramp N Litchfield Rd 2020 7,368 0.54 mi
N Litchfield Rd 2021 12,932 0.57 mi
S Litchfield Rd E Crescent Dr 2008 16,258 0.58 mi
North Litchfield Road Avalon Dr 2021 29,629 0.59 mi

Listing Broker

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