CORPORATELY GUARANTEED LEASE
This Bright Horizon’s location benefits from a rare corporately guaranteed lease by Bright Horizons Family Solutions that runs throughout the entirety of the lease and option periods. Bright Horizons Family Solutions is a Publicly Traded Company with Over 1,000 locations domestically and Internationally ranging across the United States, Canada, the UK, India, and the Netherlands
Bright Horizons is located on Egypt Road (18,044 VPD), a primary thoroughfare that connects downtown Phoenixville to Route 422 (57,169 VPD). Route 422 is the main connector between affordable suburban housing and the economic drivers of the Philadelphia MSA – a major commuter route right off an interchange which makes it easy and convenient for people traveling past this Bright Horizons location to drop off/pick up their children
DENSE, AFFLUENT PHILADELPHIA MSA
Phoenixville is located in Chester County, the most affluent county in Pennsylvania. The demographic area surrounding the property has benefited from population growth that is projected to continue through 2027. There are more than 130,000 residents within 5 miles surrounding the property and average household incomes exceeding $150,000; AHI in the immediate mile surrounding the property exceeds $175,000
RECENT LEASE EXTENSION
Bright Horizons has occupied this location for over 17 years and recently extended their lease again for another 5 years, illustrating their continued success and commitment to this location
The Landlord friendly leases offers the added benefit of rare 2% annual rental increases throughout the remainder of the lease term which offer a hedge against inflation
DIRECT RESIDENTIAL CONSUMER BASE
The Property is surrounded by multiple housing developments, apartment complexes, and business providing a direct consumer base to draw from. The strong population growth projected through 2027 in the 1, 3, and 5 mile rings coupled with average household incomes over $150,000 in all three rings, points towards dual-income households where child care is a necessity for the surrounding neighborhoods
NEARBY RETAIL DESTINATIONS
The site benefits from being surrounded by multiple retail entertainment destinations. Located just a mile from the site is Oaks Shopping Center – Buffalo Wild Wings, Wendy’s, Wawa, Moe’s Southwest Grill, UNO Pizzeria, Starbucks, Jersey Mike’s – and the Marketplace at Oaks – Target, Lowe’s. BJ’s.Bob Evans, PJ Whelihans Pub, SkyZone, Regal Cinemas and the Greater Philadelphia Expo Center.
Call Robert for more information at (484) 567-3340.