The Learning Experience – Wethersfield, CT

The Learning Experience
88 Executive Square, Wethersfield, CT 06109, USA

Sands Investment Group is pleased to exclusively offer for sale the 10,010 SF The Learning Experience Absolute NNN 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.

  • 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.

 

BoR: Andrew Ackerman – Lic. CT #REB.0792529

 

The Learning Experience
88 Executive Square, Wethersfield, CT 06109, USA

The Learning Experience

For more than 30 years, the founders of The Learning Experience®, the Weissman family, have been positively impacting the lives of children by developing and implementing ground-breaking care and early education programs throughout the country. Starting in 1980 with a single location in Boca Raton, Florida, the unique and proprietary programs that the Weissmans developed quickly caught on, and the expansion soon followed. The foundation of The Learning Experience® was built on three key educational and care principles: cognitive, physical, and social; or as they say at TLE®, “learn, play, and grow!” The company is an industry leader and one of the nation’s fastest-growing early education and child care franchises, with a proven track record of success for both the students and the franchisees. More than 95% of their pre-school graduates read before kindergarten, and more than 70% of their graduates read before kindergarten, and more than 70% of their franchisees buy additional units or refer new franchisees to the company. The Weissman family started TLE® in 1980 with one location in Boca Raton, FL. More than 700+ locations have opened since, each built on the same effective early childhood programs the Weissmans developed. The company is America’s fastest-growing childcare franchise, which is recognized as a leader in the early education industry.

Price

$5,300,000

Cap Rate

7.50%

PREMISES

10,010 SF

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

20 Years From Close of Escrow

Lease Type

Absolute NNN

RENTAL INCREASES

2% Annually

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