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BrightPath (Corporate) 1430 Highland Ave 16,005 SF Retail Building Cheshire, CT 06410 $6,047,862 ($377.87/SF) 6.50% Cap Rate
Investment Highlights
- Absolute NNN Lease w/ No Landlord Responsibilities
- Annual Rental Increases
- Portfolio of 4 Available Together or Individually (Contact Broker)
- Corporate Guaranty (Full Duration of the Lease)
- Established and Profitable Location
- Busy Bees Operates 1,000 Centers Globally, w/ 170+Centers in the US, and has Strong Growth Plans
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
16,005 SF
Building Class
B
Year Built/Renovated
2017/2026
Price
$6,047,862
Price Per SF
$377.87
Cap Rate
6.50%
NOI
$393,111
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
4.80 AC
Zoning
I-2
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | CHES-000019-000042 | Improvements Assessment | $1,938,930 |
| Land Assessment | $251,650 | Total Assessment | $2,190,580 |
Property Taxes
Parcel Number
CHES-000019-000042
Land Assessment
$251,650
Improvements Assessment
$1,938,930
Total Assessment
$2,190,580
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BrightPath (Corporate) | 1430 Highland Ave
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