88 Executive Sq - Day Care Center FOR SALE
Wethersfield, CT 06109- New Britain/Newington/Wethersfield |
$5,300,000 USD
678-365-5168
88 Executive Sq
Wethersfield, CT 06109
New Britain/Newington/Wethersfield
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.
- TLE started in 1980 with one center and has since grown to 700+ locations that are open or under development.
- 7+ feeder elementary schools within a five-mile radius, including Hanmer Elementary School, Charles Wright Elementary School.
- 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
- Proximity to a major multifamily residential hub, Executive Square House is a 240-unit apartment community adjacent to the property.
- Total consumer spending on education and daycare exceeds $132 million annually within a five-mile radius of this location.
OVERVIEW
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
FOR SALE DETAILS
PRICE
$5,300,000 USD
PRICE/SF
$529 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Learning Experience - Wethersfield, CT
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.12 AC
LAND SF
48,787 SF
ZONING
RC
APN/PARCEL ID
WETH-000236-000000-000013
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678-365-5168
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678-365-5168
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