Log In/Sign Up
Your email has been sent.
The Learning Experience - Wethersfield, CT 88 Executive Sq 10,010 SF Retail Building Wethersfield, CT 06109 $5,300,000 ($529.47/SF) 7.50% Cap Rate
Investment Highlights
- This property is a 2018 build-to-suit and is 100% leased to The Learning Experience on an Absolute Triple Net (Abs NNN) Lease with 20 years remaining.
- 7+ feeder elementary schools within a five-mile radius, including Hanmer Elementary School, Charles Wright Elementary School.
- Proximity to a major multifamily residential hub, Executive Square House is a 240-unit apartment community adjacent to the property.
- TLE started in 1980 with one center and has since grown to 700+ locations that are open or under development.
- The property is ideally positioned on a 1.12-acre lot just off I-95, which sees over 137,242 VPD. Hartford County is one of the more affluent counties
- Total consumer spending on education and daycare exceeds $132 million annually within a five-mile radius of this location.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 10,010 SF The Learning Experience located at 88 Executive Square in Wethersfield, Connecticut. This 2018 build-to-suit property is 100% leased to The Learning Experience on an Absolute Triple Net (NNN) Lease with 20 years remaining. The lease features 2% annual rental escalations, providing a secure, long-term, and stable investment opportunity.
BoR: Andrew Ackerman - Lic. CT #REB.0792529
BoR: Andrew Ackerman - Lic. CT #REB.0792529
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,010 SF
Building Class
C
Year Built
2018
Price
$5,300,000
Price Per SF
$529.47
Cap Rate
7.50%
NOI
$397,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.12 AC
Zoning
RC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The Learning Experience
- Educational Services
- 10,010 SF
- $39.71
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The Learning Experience | Educational Services | 10,010 SF | $39.71 | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | WETH-000236-000000-000013 | Improvements Assessment | $515,460 |
| Land Assessment | $409,460 | Total Assessment | $924,920 |
Property Taxes
Parcel Number
WETH-000236-000000-000013
Land Assessment
$409,460
Improvements Assessment
$515,460
Total Assessment
$924,920
Contacts
-
Andrew Gilbert -
Ryan Sompayrac -
Chris Sands -
Clifton McCrory -
Sands Investment Group
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Learning Experience - Wethersfield, CT | 88 Executive Sq
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.