Corporate Guaranty from One of the Largest Childcare Operators in the U.S.
– The lease is guaranteed by Busy Bees US Holdings Limited, one of the largest childcare operators in the U.S.
– Through its BrightPath platform, Busy Bees operates more than 230 centers throughout North America and continues to execute an aggressive growth strategy across the United States and Canada.
– Ranked among the largest corporate childcare providers in North America, the tenant provides investors with institutional-grade operational scale, financial strength, and significant brand recognition within the early education sector.
Long-Term 13+ Year Lease Providing Durable Cash Flow
– Investors benefit from more than 13 years of remaining lease term with BrightPath, creating long-term income security and minimizing near-term rollover risk.
– The lease also includes three additional five-year renewal options, extending potential tenancy through 2055.
Consistent 2.00% Annual Rent Increases Create Embedded NOI Growth
– The lease features 2.00% annual rental increases throughout the primary term, generating predictable year-over-year income growth and protection against inflation.
– Annual rent grows from approximately $504,900 to $653,142 during the initial term, enhancing long-term investment returns.
Irreplaceable Location Within Affluent North Shore Submarket
– Located in Kildeer, one of the wealthiest communities in Illinois, the property benefits from an exceptionally affluent customer base with an average household income of $195,255 within one mile and $159,677 within five miles.
– The area is characterized by strong homeownership, highly rated school districts, and family-oriented residential communities that support long-term demand for premium childcare services.
– Positioned within the Chicago MSA, one of the largest and most diversified metropolitan economies in the United States, the property benefits from access to a deep employment base, more than 30 Fortune 500 companies, and long-term demographic stability.
