395 Willard Ave - Day Care Center FOR SALE
Newington, CT 06111- New Britain/Newington/Wethersfield |
$5,500,000 USD
678-365-5168
395 Willard Ave
Newington, CT 06111
New Britain/Newington/Wethersfield
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.
- This asset is 100% leased to The Learning Experience on a Triple Net (NNN) Lease with 15+ 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, and more.
- 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 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
FOR SALE DETAILS
PRICE
$5,500,000 USD
PRICE/SF
$550 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Learning Experience - Newington, CT
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
ADD'L SUBTYPES
Freestanding, Storefront Retail/Office, Storefront Retail/Residential
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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678-365-5168
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