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The Learning Experience - Newington, CT 395 Willard Ave 10,000 SF Retail Building Newington, CT 06111 $7,525,650 CAD ($752.56 CAD/SF) 7% Cap Rate

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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

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Day Care Center

Building Size

10,000 SF

Building Class

Year Built

2020

Price

$7,525,650 CAD

Price Per SF

$752.56 CAD

Cap Rate

NOI

$526,795 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

2.03 AC

Zoning

CD - Commercial development

Frontage

269’ on Willard Avenue

Air Conditioning

Major Tenants

Health Care and Social Assistance
10,000 SF
$52.68 CAD
Triple Net
Mar 2041

The Learning Experience® est l'une des marques les plus fiables dans le domaine des services de garde d'enfants. Fondée par la famille Weissman en 2002 avec une passion pour l'éducation de la petite enfance et une approche unique qui favorise l'apprentissage et le développement à travers les yeux d'un enfant, TLE se consacre à offrir l'excellence en éducation préscolaire et en garde d'enfants depuis plus de 20 ans ! Depuis plus de 40 ans, la famille Weissman développe les meilleures marques de services de garde d'enfants, créant des centaines de centres à travers le monde qui rendent les enfants heureux d'apprendre, de jouer et de grandir ! Grâce à des efforts philanthropiques, à l'innovation dans les programmes d'études et la technologie, et plus encore, la famille Weissman se consacre à jamais à la mission du TLE.