3300 E Union Hills Dr - Day Care Center FOR SALE


Phoenix, AZ 85050
$3,422,000 USD
602-541-1019
3300 E Union Hills Dr, Phoenix, AZ for Sale
$3,422,000 USD
Day Care Center - FOR SALE
1/6
null | 6.75% Cap Rate

3300 E Union Hills Dr
Phoenix, AZ 85050


HIGHLIGHTS

  • 12 Years Remaining on Absolute NNN Lease
  • Corporately Run Location from Busy Bees who Operates 990 Centers Globally, with 119 Centers in the US, and Strong Growth Plans.
  • Tenant is Backed by The Ontario Teacher's Fund, Pension is Invested in Busy Bees
  • Average Household Income Exceeds $111,000 within a 5-Mile Radius
  • 2% Annual Increases with Multiple Renewal Options

OVERVIEW

Busy Bees is a leading international childcare business, focused on providing outstanding early years education to children, from babies, to school age. Founded in the UK in 1983, today Busy Bees operates around 1,000 sites in 10 countries, including the USA, Canada, Australia, Singapore, Malaysia and Italy. Our global diversification has also helped ensure the group’s ongoing resilience against economic, political and regulatory volatility in any particular territory. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11thlargest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

FOR SALE DETAILS

PRICE

$3,422,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Busy Bees - 12 Yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

-

APN/PARCEL ID

213-15-004D

ASK ABOUT THIS PROPERTY

Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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