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3/02/26
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A Washington-based investor purchased a new, 14.8k sf freestanding early learning center building in Mesa, AZ for $8.8 mil ($595/sf). The structure, located at 3544 E. Brown Rd, sits on 0.93 acres and is operating as a Busy Bees Child Care.
Busy Bees operates 1,000 centers globally with 160 locations across the United States and has ambitious expansion plans. The company is 100% corporate-owned with no franchising and is backed by significant institutional capital from the Ontario Teachers' Pension Plan (C$249.8 bil in assets) and Temasek ($382 bil portfolio).
Essential Capital Advisors’ team of Milo Spector, Executive Managing Partner and Founder of the firm’s Education Properties Group, and Remmington Penn, Associate Director, along with Scott Reid of ParaSell Inc, represented the seller, a Texas-based developer. According to Spector, the 15-year absolute NNN lease with built-in 10% rent increases every five years, combined with a corporate guaranty from one of the world's largest childcare operators, provided the buyer with exceptional long-term value and predictable income growth.
Strategically located in Mesa, Arizona's third-largest city and ranked #1 nationally for economic growth, the property benefits from exceptional demographics with over 279,000 residents within a five-mile radius and average household income exceeding $196k within one mile. The location is surrounded by national retailers including Home Depot, Walmart, Sprouts, and Starbucks, and is near multiple feeder schools.
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