loader
Join Free
Views: 132 DOM: 281 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 14.8
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,...

...

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...


...

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity