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The Learning Experience

Newington, Connecticut

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, FL, the unique and proprietary programs that the Weissmans developed quickly caught on and 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 Learning Experience 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 students and center franchisees. More than 95% of pre-school graduates read before kindergarten, and more than 70% of center franchisees buy additional units or refer new franchisees to the company. As a testament to the opportunities TLE provides, many parents with enrolled children also become franchisees. There are more than 450 The Learning Experience locations open or under development across the country.

Location Overview

The Learning Experience property is situated on Willard Ave, which has an average daily traffic count greater than 20,000. The property benefits from its robust demographics as more than 88,200 individuals live within a three-mile radius of this property and a whopping 227,200 people live within a five-mile radius of this property. This property is well located in an affluent neighborhood with an average household income of over$97,000. Newington is a wealthy suburb of Hartford and is one of the best places to live in Connecticut as the town offers residents a suburban feel where most own their homes. Newington is a bedroom community in that most of the young professionals with families that live here commute an average of over 20 minutes to their place of employment. This is ideal for The Learning Experience as these affluent residents drop off up their children at the facility on the way into work and pick them up on their commute home. The subject property benefits from being well-positioned in a well populated town that consists of national and local tenants, shopping centers, schools, hospitals, and hospitality accommodations all within close proximity of this property. Major national tenants include: Walmart, Target, T.J. Maxx, Dollar Tree, McDonald’s, The Home depot, Costco Wholesale, Marshalls, Lord & Taylor, Macy’s, Brooks Brothers, Burger King, Chick fil A, and many more. This property benefits from being located just three-miles from Central Connecticut State University. Central Connecticut State University is a public institution that was founded in 1849. It has a total undergraduate enrollment of 9,546 and more than 2,500 post grad, its setting is suburban, and the campus size is 314 acres. Additionally, this property is located within walking distance of the VA Medical Center. Furthermore, this investment property is located 15-minutes from Hartford-Brainard Airport. Hartford – Brainard Airport (KHFD) is a public use, publicly owned airport situated on 201 acres, located in the City of Hartford, just 3 miles from the downtown business district. It is the premier general aviation facility serving central Connecticut in the county of Hartford. The property is very well located in the immediate proximity of Newington School District. This District proudly serves approximately 4,200 students in full-day kindergarten through twelfth grade. Newington Public Schools serves the community and their students with seven schools including four elementary, two middle, and one high school. Parents and students will be attracted to the location of the subject property as it is in the same corridor as the majority of Newington's school system.   Broker of Record: JD Parker License #REB.0788985

Key Details

Price:
$5,000,000
Cap Rate:
7.00%
Annual Rent:
$350,000
Address:
395 Willard Avenue, Newington, Connecticut 06111 United States
Lease Type:
NN

Lot Size:
2.03 Acres
Building Size:
10,000 SF
Year Built:
2020
Tenant:
The Learning Experience

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