Retail    

BrightPath (Busy Bees)

 Madison (New Haven), CT

Asking Price

$1,185,185

Cap Rate

6.75%

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Corporate

NNN Lease

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Avg HHI

$206K (1-Mi)

Rent Increases

Low

Sustainable Rents

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Tenant Improvements

$400K

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • BrightPath was Acquired by Busy Bees in 2017, Which Operates 990 Centers Globally, with 119 Center in the US, and Strong Growth Plans. The Ontario Teacher's Pension is Invested in Busy Bees, and Has Invested in Brands Like 24 Hour Fitness, Flynn Restaurant Group as Well as Several Others. Busy Bees Has Been in Business Since 1983
  • New 15-Year NNN Lease with Minimal Landlord Responsibilities & 10% Increases Every 5 Years
  • Rare Opportunity to Own a Low Price Point Property with a Corporate Guaranty from Busy Bees for the Full 15 Years of the Lease
  • Approximately $400,000 in Tenant Improvements Planned
  • Low and Sustainable Rents

  • Extension Location for Established BrightPath Across the Street. This Location was Acquired to Meet Current Demand and is Expected to be at Full Capacity Once Improvements are Complete
  • Average HH Income of $206k+ in a 1-Mile Radius and Projected to Grow 10%+ by '28
  • Nearby Madison Center, Which is Host to National Brands Such as Starbucks, Wells Fargo, Stop & Shop, Subway, and More
  • Feeder School for Ryerson Elementary School and J Milton Jeffrey Elementary School
  • $112+ Million Spent on Education & Day Care in a 10-Mile Radius

Exclusively Listed By

Remmington Penn

Associate
  rpenn@northmarq.com      +1 415.925.9955
BRE #02220211

Milo Spector

Senior Vice President
  mspector@northmarq.com      +1 510.461.4505
BRE #01959211

Chris Lomuto

Associate Vice President

BRE #01962410

In Association With
John Rotunno

CT Lic. #REB.0790732

Northmarq

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