The Learning Experience – South Windsor, CT
South Windsor, Connecticut
Cap Rate: 6.50%
$5,923,076
Available
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Get In TouchThe Learning Experience – Newington, CT
The Learning Experience
395 Willard Avenue, Newington, CT 06111, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,000 SF The Learning Experience NNN Asset Located at 395 Willard Ave in Newington, CT. This Deal Includes an Asset that is 100% Leased to The Learning Experience on a Triple Net (NNN) Lease With 16 Years Remaining and the Only Landlord Responsibility Being Roof & Structure, Featuring 10% Rental Increases Every 5 Years, Providing For a Secure Investment.
- The Learning Experience Started in 1980 With 1 Center and Has Since Grown to 450+ Locations That Are Open or Under Development; They Are One of the Fastest-Growing Brands in the Early Education Sector
- This Asset is 100% Leased to The Learning Experience on a Triple Net (NNN) Lease With 16+ Years Remaining and the Only Landlord Responsibility Being Roof & Structure, and Featuring 10% Rental Increases Every 5 Years
- The Property is Ideally Positioned on a 2.03 Acre Lot Between Several Large Suburban Neighborhoods and Many Key Employers in the Area; Hartford County is One of the More Affluent Counties in the United States With an Annual Household Income of Over $137,331
- Total Consumer Spending on Education and Daycare Exceeds $198 Million Annually Within a 5-Mile Radius of This Location, and Average Household Income Exceeds $117,272 Within a 1-Mile Radius of This Location
- Established Retailers Nearby Include: Target, Walmart, Stop & Shop, ALDI, Cumberland Farms, Hartford Hospital, Connecticut Department of Transportation, Data-Mail Inc., Stew Leonard’s, Newington Rapid Recovery Health Care Center, Veterans Administration Hospital, Davidson Specialty Foods, 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 of Young Children as Well as the Societal Shift That Has Sent More Parents Into the Workforce
- 11+ Feeder Elementary Schools Within a 5-Mile Radius: Anna Reynolds School, Elizabeth Green School, John Paterson School, Ruth Chaffee School, Emmanuel Christian Academy, Richard D. Hubbard School, West Woods Upper Elementary, Highcrest School, Northend Elementary School, Smalley Elementary School, and Smith Elementary
BoR: Andrew Ackerman – Lic. CT #REB.0792529
The Learning Experience
395 Willard Avenue, Newington, CT 06111, 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 450 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.
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Price
$5,923,076
Cap Rate
6.50%
PREMISES
10,000 SF
RENEWAL OPTIONS
1 x 10 Year Option
Lease Expiration
05/31/2041
Lease Type
NNN
RENTAL INCREASES
10% Every 5 Years
BROKERS
Chris Sands
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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