The Learning Experience - Wethersfield, CT
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.
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.
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