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29695186
29695187

88 Executive Square, Wethersfield, CT 06109

CS
CA 01387583, SC 93103 (+2)
Sands Investment Group Los Angeles
CM
SC 99847
Sands Investment Group Los Angeles
Sands Investment Group Charleston
Sands Investment Group Charleston
Listed by Sands Investment Group Los Angeles, Sands Investment Group Charleston
$5,300,000
112 days on market
Updated 20 days ago

The Learning Experience - Wethersfield, CT

Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 10,010
Cap Rate 7.5%
NOI $397,500
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $529
Year Built 2018
Buildings 1
Acreage 1.120
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback

20 Year ABS NNN | 2% Annual Bumps | The Learning Experience | Full Term PG

Marketing description

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.

LEARN MORE HERE

Investment 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, featuring 2% annual rental escalations and a personal guarantee from the operator through the life of the lease.

  • TLE started in 1980 with one center and has since grown to 700+ locations that are open or under development. They are one of the fastest-growing names in the early education sector.

  • 7+ feeder elementary schools within a five-mile radius, including Hanmer Elementary School, Charles Wright Elementary School, Emerson Williams Elementary School, Highcrest Elementary School, Samuel B. Webb Elementary School, Discovery Academy, and Corpus Christi 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 in the United States, with an annual household income exceeding $147,331.

  • Proximity to a major multifamily residential hub, Executive Square House is a 240-unit apartment community adjacent to the property, providing a built-in and consistent source of families and children.

  • Total consumer spending on education and daycare exceeds $132 million annually within a five-mile radius of this location, and average household income exceeds $137,609 within a three-mile radius of this location.

Listing Contacts

CS
CA 01387583, SC 93103 (+2)
Sands Investment Group Los Angeles
CM
SC 99847
Sands Investment Group Los Angeles
Sands Investment Group Charleston
Sands Investment Group Charleston
Listed by Sands Investment Group Los Angeles, Sands Investment Group Charleston

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$397,500.00
$33,125.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Andrew Ackerman
License
CT #REB.0792529
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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