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395 Willard Ave
Newington, CT 06111
The Learning Experience - Newington, CT · Retail Property For Sale
Investment Highlights
- The Learning Experience started in 1980 with one center and has since grown to 700+ locations, many of which are open or under development.
- 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
Sands Investment Group is pleased to exclusively offer for sale the 10,000 SF The Learning Experience located at 395 Willard Ave in Newington, CT. This deal includes an asset 100% leased to The Learning Experience on a Triple Net (NNN) Lease with 15+ years remaining, with the only landlord responsibility being the roof and structure. It features 10% rental increases every five years, ensuring long-term income stability.
BoR: Andrew Ackerman - Lic. CT #REB.0792529
BoR: Andrew Ackerman - Lic. CT #REB.0792529
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2020
Price
$5,500,000
Price Per SF
$550
Cap Rate
7%
NOI
$385,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.03 AC
Zoning
CD - Commercial development
Frontage
269’ on Willard Avenue
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | NEWI-000009-000303-000011 | Improvements Assessment | $623,470 |
| Land Assessment | $347,440 | Total Assessment | $970,910 |
Property Taxes
Parcel Number
NEWI-000009-000303-000011
Land Assessment
$347,440
Improvements Assessment
$623,470
Total Assessment
$970,910
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