Retail    

Educational Playcare

 East Hampton (Hartford), CT

Asking Price

$5,147,378

Cap Rate

7.40%

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Lease

NNN

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Year Built

2015

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Base Lease Term

15 Years

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Avg HHI

$124K+ (3-Mi)

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INVESTMENT HIGHLIGHTS

  • Educational Playcare is a High-End Corporate Early Education Operator and Operates 22 Centers Throughout Connecticut. They Have Received Numerous Awards and Have Been in Business for Over 36 Years. The Company Was Acquired by Busy Bees in 2019.
  • Busy Bees (Educational Playcare's Parent Company) is One of the Largest and Most Comprehensive Childcare Services Providers with over 600 Early Education Centers Worldwide. Ontario Teacher's Pension is Invested in Busy Bees and Has Invested in Brands Like 24 Hour Fitness, Flynn Restaurant Group, and Several Others. Busy Bees Has Been in Business Since 1983.
  • Rental Increases Throughout Term & Options.
  • 7 Years Remaining on a NNN Corporate Lease with Minimal Landlord Responsibilities.
  • Adjacent to The Edgewater Hill Mixed-Use Neighborhood Development that Features Both Newly Built Apartments and Single-Family Homes.
  • Nearby National Brands Include McDonald's, Subway, Dunkin', Napa Auto Parts, and CVS.
  • Excellent Avg. HH Income of $124k+ in a 5-Mile Radius.
  • $22.2 Million Spent Annually on Education & Day Care in a 5-Mile Radius.

Exclusively Listed By

Milo Spector

Senior Vice President
  mspector@northmarq.com      415.610.8970
BRE #01959211

Chris Lomuto

Associate Vice President

BRE #01962410

Matt Lipson

Associate Vice President

BRE #01892096

Remmington Penn

Associate
  rpenn@northmarq.com      +1 702.469.1474
BRE #02220211

In Association With
John Rotunno

CT Lic. #REB.0790732

Northmarq

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