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The Learning Experience - Newington, CT 395 Willard Ave 10,000 SF Retail Building Newington, CT 06111 $5,500,000 ($550/SF) 7% Cap Rate
Investment Highlights
- This location is operated by an experienced 12+ multi-unit TLE operator. The Learning Experience started in 1980 with one center.
- The property is ideally positioned on a 2.03-acre lot between several large suburban neighborhoods and many key employers in the area.
- Established retailers nearby include:Target, Walmart, Stop & Shop, ALDI, Cumberland Farms, Hartford Hospital, and more.
- This asset is 100% leased to The Learning Experience on a Triple Net (NNN) Lease with 15+ years remaining.
- Total consumer spending on education and daycare exceeds $198 million annually within a 5-mile radius of this location.
- The childcare and early education industry is projected to grow at an annual rate of 5.0% over the next five years due to the rising population.
Executive Summary
BoR: Andrew Ackerman - Lic. CT #REB.0792529
Property Facts
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 10,000 SF
- $38.50
- Triple Net
- Mar 2041
The Learning Experience® is one of the most trusted brands in the childcare space. Founded by the Weissman family in 2002 with a passion for early childhood education and a unique approach that drives learning and development through the eyes of a child, TLE has been dedicated to providing excellence in early education and childcare for more than 20 years! The Weissman family have been developing best-in-class childcare brands for more than 40 years, establishing hundreds of centers across the globe that make children happy to learn, play, and grow! Through philanthropic efforts, innovation in curriculum and technology, and more, the Weissman family is forever dedicated to the TLE mission.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 10,000 SF | $38.50 | Triple Net | Mar 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Number | NEWI-000009-000303-000011 | Improvements Assessment | $623,470 |
| Land Assessment | $347,440 | Total Assessment | $970,910 |
Property Taxes
Contacts
-
Andrew Gilbert -
Ryan Sompayrac -
Clifton McCrory -
Chris Sands -
Sands Investment Group
Presented by
The Learning Experience - Newington, CT | 395 Willard Ave
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