395 Willard Ave - Day Care Center FOR SALE
Newington, CT 06111- New Britain/Newington/Wethersfield |
$5,923,076 USD
678-365-5168
395 Willard Ave
Newington, CT 06111
New Britain/Newington/Wethersfield
HIGHLIGHTS
- The Learning Experience Started in 1980 With 1 Center and Has Since Grown to 450+ Locations That Are Open or Under Development
- This Asset is 100% Leased to The Learning Experience on a Triple Net (NNN) Lease With 16+ Years Remaining
- The Property is Ideally Positioned on a 2.03 Acre Lot Between Several Large Suburban Neighborhoods and Many Key Employers in the Area
- Total Consumer Spending on Education and Daycare Exceeds $198 Million Annually Within a 5-Mile Radius of This Location
- Established Retailers Nearby Include: Target, Walmart, Stop & Shop, ALDI, Cumberland Farms, Hartford Hospital
- 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
OVERVIEW
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 that is 100% Leased to The Learning Experience on a Triple Net (NNN) Lease With 16 Years Remaining and the Only Landlord Responsibility Being Roof & Structure, Featuring 10% Rental Increases Every 5 Years, Providing For a Secure Investment.
BoR: Andrew Ackerman - Lic. CT #REB.0792529
FOR SALE DETAILS
PRICE
$5,923,076 USD
PRICE/SF
$592 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Learning Experience - Newington, CT
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.03 AC
LAND SF
88,427 SF
ZONING
CD
APN/PARCEL ID
NEWI-000009-000303-000011
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678-365-5168
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