9 High Rd - Day Care Center FOR SALE


Berlin, CT 06037
$4,724,839 USD
510-461-4505
9 High Rd, Berlin, CT for Sale
$4,724,839 USD
Day Care Center - FOR SALE
1/9
null | 6.5% Cap Rate

9 High Rd
Berlin, CT 06037


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

This offering presents a fee-simple interest in a single-tenant property leased to Busy Bees dba BrightPath, a leading global childcare provider with over 1,000 centers worldwide and 170+ locations in the U.S. The property operates under an absolute NNN lease structure, eliminating landlord responsibilities and providing a secure, passive investment. The lease commenced in 2017 with a 20-year base term and includes 1.5% annual rental increases, ensuring consistent income growth. Three five-year renewal options further enhance long-term stability. Busy Bees is backed by significant institutional investment, including Ontario Teachers’ Pension Plan and Temasek, and maintains a 100% corporate structure with no franchising. Founded in 1983, the company has a strong reputation and ambitious growth plans, reinforcing tenant creditworthiness. Strategically located in Berlin, Connecticut, the property benefits from proximity to Route 9 and major commuter corridors serving Hartford, New Britain, Cromwell, and Middletown. The surrounding area features strong demographics, with a five-mile population exceeding 148,000 and an average household income projected to surpass $115,000 by 2030. Nearby national retailers and educational institutions further support consistent enrollment demand. This asset combines a long-term corporate lease, predictable income, and a recession-resistant industry, making it an attractive opportunity for investors seeking stability and growth in the essential services sector.

FOR SALE DETAILS

PRICE

$4,724,839 USD

PRICE/SF

$430 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

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.64 AC

LAND SF

114,998 SF

ZONING

CCD-1

APN/PARCEL ID

BERL-000023-000023A-000001

ASK ABOUT THIS PROPERTY

Milo SpectorEssential Capital AdvisorsMore Info
510-461-4505

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Milo SpectorEssential Capital AdvisorsMore Info
510-461-4505

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