21468 N 75th Ave Glendale, AZ

Listing agency Marcus & Millichap | Phoenix m***@marcusmillichap.com Show Phone

Listed by Mark Ruble · License #SA550593000 Show Phone

Source Moodyscre

Added: Jan 7, 2025 Updated: Jul 6 at 9:51AM Checked: Jul 21 at 6:47AM

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Investment Insights

Based on property information with market context.

This property is a corporately run daycare center operated by Busy Bees, which manages 990 centers globally, including 119 in the US, with plans for further expansion. The tenant is supported by The Ontario Teacher's Fund, which has invested in brands such as 24 Hour Fitness and Flynn Restaurant Group. The property benefits from a location with an average household income exceeding $140,000 within a 1-mile radius and a population of 232,516 residents within a 5-mile radius. The lease includes 2% annual increases and multiple renewal options. Busy Bees has acquired 9 schools in the Phoenix market, indicating further market expansion. BrightPath Kids is one of North America’s largest child care providers. The property is a 10,730 square feet daycare center located in Glendale, AZ, with 12 years remaining on an absolute NNN lease.

Key Highlights

• Corporately run Busy Bees location with strong growth plans and 12 years remaining on absolute NNN lease.
• Tenant backed by The Ontario Teacher's Fund, a pension fund with investments in major brands.
• 2% annual rent increases with multiple renewal options.

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Similar Off Market Nearby

• Busy Bees Glendale Child Care Center — 21468 N 75th Ave, Glendale, AZ 85308
• Dream City Christian Preschool — 21000 n 75th ave, glendale, az 85308

FAQs

What type of property is this?

Day care center - NNN leased daycare center with 12 years remaining on lease.

Where is this day care center located?

The property is located at 21468 N 75th Ave Glendale, AZ.

What is the asking price?

The asking price for this property is $3,400,000.

What are key features of this property?

This property features: Corporately run Busy Bees location with strong growth plans and 12 years remaining on absolute NNN lease.; Tenant backed by The Ontario Teacher's Fund, a pension fund with investments in major brands.; 2% annual rent increases with multiple renewal options.