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The Learning Experience - Newington, CT 395 Willard Ave 10,000 SF Retail Building Newington, CT 06111 $7,040,397 CAD ($704.04 CAD/SF) 7.55% Cap Rate
Investment Highlights
- This location is operated by an experienced 14+ multi-unit TLE operator. The Learning Experience started in 1980.
- 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% occupied by 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% over the next 5 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 Avenue in Newington, CT. This deal includes an asset 100% occupied by The Learning Experience on a Triple Net (NNN) Lease with approximately 15 years remaining and limited landlord responsibilities for only the roof and structure. It features 10% rental increases every 5 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
$7,040,397 CAD
Price Per SF
$704.04 CAD
Cap Rate
7.55%
NOI
$531,481 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
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- The Learning Experience
- Educational Services
- 10,000 SF
- $53.15 CAD
- Triple Net
- May 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| The Learning Experience | Educational Services | 10,000 SF | $53.15 CAD | Triple Net | May 2041 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NEWI-000009-000303-000011 | Improvements Assessment | $866,617 CAD |
| Land Assessment | $482,938 CAD | Total Assessment | $1,349,555 CAD |
Property Taxes
Parcel Number
NEWI-000009-000303-000011
Land Assessment
$482,938 CAD
Improvements Assessment
$866,617 CAD
Total Assessment
$1,349,555 CAD
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The Learning Experience - Newington, CT | 395 Willard Ave
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