BrightPath (Corporate) 9 High Rd 11,000 SF Retail Building Berlin, CT 06037 $4,724,839 ($429.53/SF) 6.50% Cap Rate

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.