1430 Highland Ave - Day Care Center FOR SALE


Cheshire, CT 06410
$6,047,862 USD
510-461-4505
1430 Highland Ave, Cheshire, CT for Sale
$6,047,862 USD
Day Care Center - FOR SALE
1/12
null | 6.5% Cap Rate

1430 Highland Ave
Cheshire, CT 06410


HIGHLIGHTS

  • Absolute NNN Lease w/ No Landlord Responsibilities
  • Corporate Guaranty (Full Duration of the Lease)
  • Annual Rental Increases
  • Established and Profitable Location
  • Portfolio of 4 Available Together or Individually (Contact Broker)
  • Busy Bees Operates 1,000 Centers Globally, w/ 170+Centers in the US, and has Strong Growth Plans

OVERVIEW

The property at 1430 Highland Avenue in Cheshire, Connecticut is a 16,005-square-foot early education facility situated on 4.80 acres and owned fee simple (land and building). Constructed in 2017 and renovated in 2026, the asset is fully leased to Busy Bees dba BrightPath under a 20-year absolute NNN lease with tenant responsibility for taxes, insurance, and maintenance. The lease commenced on December 31, 2017 and expires on December 31, 2037, with 11.73 years remaining and 1.5% annual rental increases. The investment is offered at $6,047,862, reflecting a 6.50% cap rate, and is supported by a corporate guaranty from Busy Bees US Holdings Limited for the full lease term. Current net operating income is $393,111.

FOR SALE DETAILS

PRICE

$6,047,862 USD

PRICE/SF

$378 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BrightPath (Corporate)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.8 AC

LAND SF

209,088 SF

ZONING

I-2

APN/PARCEL ID

CHES-000019-000042

ASK ABOUT THIS PROPERTY

Milo SpectorEssential Capital AdvisorsMore Info
510-461-4505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Milo SpectorEssential Capital AdvisorsMore Info
510-461-4505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.