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395 Willard Ave
Newington, CT 06111 New Britain/Newington/Wethersfield

$5,500,000 USD

Daycare Center For Sale  •  10,000 SF

Property Details

  • Property Type Daycare Center
  • Total Building Size 10,000 SF
  • Lot Size 2.03 AC
  • Building Class B
  • Year Built 2020
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning CD
0 Transit Score
43 Walk Score

Highlights

The Learning Experience started in 1980 with one center and has since grown to 700+ locations, many of which are open or under development.
This asset is 100% leased to The Learning Experience on a Triple Net (NNN) Lease with 15+ years remaining.
The property is ideally positioned on a 2.03-acre lot between several large suburban neighborhoods and many key employers in the area.
Total consumer spending on education and daycare exceeds $198 million annually within a 5-mile radius of this location.
Established retailers nearby include:Target, Walmart, Stop & Shop, ALDI, Cumberland Farms, Hartford Hospital, 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.
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
The Learning Experience 10,000 SF 3/29/2041

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
13 min - 6.1 mi
13 min - 6.3 mi
AirportDriveWalkDistance
Bradley International 43 min - 23.2 mi
Tweed/New Haven 51 min - 35.6 mi
Andrew Gilbert 678-365-5168 Sands Investment Group
Andrew Gilbert 678-365-5168 Sands Investment Group