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88 Executive Sq
Wethersfield, CT 06109 New Britain/Newington/Wethersfield

$5,300,000 USD

Daycare Center For Sale  •  10,010 SF

Property Details

  • Property Type Daycare Center
  • Total Building Size 10,010 SF
  • Lot Size 1.12 AC
  • Building Class C
  • Year Built 2018
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning RC
0 Transit Score
55 Walk Score

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.
TLE started in 1980 with one center and has since grown to 700+ locations that are open or under development.
7+ feeder elementary schools within a five-mile radius, including Hanmer Elementary School, Charles Wright Elementary 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
Proximity to a major multifamily residential hub, Executive Square House is a 240-unit apartment community adjacent to the property.
Total consumer spending on education and daycare exceeds $132 million annually within a five-mile radius of this location.
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
The Learning Experience 10,010 SF

Public Transportation

Commuter RailDriveWalkDistance
13 min - 7.9 mi
13 min - 7.9 mi
AirportDriveWalkDistance
Bradley International 42 min - 24.2 mi
Tweed/New Haven 49 min - 35.1 mi
Andrew Gilbert 678-365-5168 Sands Investment Group
Andrew Gilbert 678-365-5168 Sands Investment Group