Retail    

Busy Bees

 Queen Creek (Phoenix), AZ

Asking Price

$9,131,662

Cap Rate

6.50%

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New 2024

Construction

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15-Year Abs NNN

Corporate Lease

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990-Unit

Corporate Operator

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163K+

Population (5-Mi)

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$116K+

Avg HHI (1-Mi)

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Top 5 Global Corporate Operator (990+ Locations)
    Busy Bees Operates 990 Centers Globally, with 119 Centers 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.
  • Brand New 2024 Construction (Est. 12/2024 Completion)  w/ New 15-Year Absolute NNN Lease & 10% Increases Every 5 Years
  • Full Corporate Guaranty from Busy Bees for the Duration of the Lease & Options 
  • Expansion of Existing 9 Schools in Phoenix MSA
    Busy Bees Acquired 9 Established Schools in the Phoenix Market. This School Represents Further Market Expansion While Leveraging its Existing Footprint.
  • $489+ Million Spent on Education & Day Care in a 10-Mile Radius
  • Located in Queen Creek, Surrounded by Multiple Brand New and Upcoming Developments
    Including the $120 Million 'The Switchyard' Project. This Mixed-use Development Will Feature Office Spaces, Apartments, and Retail Areas.
  • Population Counts Exceed 163k in a 5-Mile Radius and Are Projected to Grow 8.96% by '28
  • Average HH Income of $116k+ in a 1-Mile Radius Projected to Grow 13%+ by '28
  • Property is Surrounded by Major National Retailers
    Including Target, Kohls, T.J. Maxx, Trader Joe's, Total Wine & More, PetSmart, Sprouts, Walmart Supercenter, Harkins Theatres Queen Creek 14, Among Several Others.
  • Feeder School for Queen Creek Elementary School, Heritage Academy Elementary, Desert Mountain Elementary School and Jack Barnes Elementary School

Exclusively Listed By

Hannah Olson

Sr. Transaction Manager, Investment Sales
  Contact Broker   
AZ Lic #BR663399000

Northmarq

3131 E. Camelback Rd., Suite 410
Phoenix, AZ 85016


northmarq.com