The Learning Experience & Art and Dance Studio
Trumbull, CT
Key Details
| Price: | $6,800,000 |
|---|---|
| Cap Rate: | 7.75% |
| Annual Rent: | $526,732 |
| Address: | 2285 Reservoir Avenue, Trumbull, Connecticut 06611 |
| Property Type: | Specialty |
Property Data
| Lot Size: | 1.50 Acres |
|---|---|
| Building Size: | 24,856 SF |
The subject investment property is a The Learning Experience along with a Art and Dance Studio situated on Reservoir Ave. The road serves as an access route to Merritt Pkwy, which brings an additional 73,900 vehicles into the immediate area. There are more than 261,200 individuals residing within a five-mile radius of the property and more than 471,800 individuals within a ten-mile radius.
About the Investment
- Multi-Tenant Deal with The Learning Experience| Extremely Minimal Landlord Responsibilities | Net Lease Cash Flow in a Core CT Market
- New Roof Will be Installed in May of 2024 and The Learning Experience and Abrakadoodle Will Be Remodeled – Including All New Plumbing and HVAC | Rockwell Dance Center Windows Will Be Replaced
- Amongst the Fastest Growing Early Education Programs in the Country | Further Expansion Planned Throughout the United States With 35+ Centers Opening Annually |Well-Established Program With Over 350 Locations Across the United States
- Located in Affluent Fairfield County, CT | 6th Wealthiest County in the United States |Home to 19 Fortune 1000 Companies | Perfect Location for Early Education Provider
About the Location
- Dense Retail Area | Panera, Foot Locker, McDonald’s, Pandora, Apple, Sephora, Target, Michael’s, Discount Fabric, Stop & Shop, Marshalls, Finish Line, Mattress Firm, AT&T, and Many More
- Strong Demographics | Population Exceeds 471,800 Individuals Within a Ten-Mile Radius
- Ideal Location for Day Care | Located Right Off Merritt Parkway | Less Than 5 Miles from Bridgeport, CT and Less Than 20 miles From New Haven, CT
- Strong Traffic in Area | Over 73,000 Vehicles Per Day Along Merritt Parkway
- Affluent Community | Average Household Income Exceeding $118,000 Within a Ten-Mile Radius
About the Tenant/Brand
- The Learning Experience is an American National Academy of Early Education Company
- The Learning Experience was Founded in 1980, Developing and Implementing Groundbreaking Care and Early Childhood Education Programs throughout the Country
- TLE is Renowned as a Provider of Primary Education Services to Infants through Kindergarteners.
- The Learning Experience has Expanded to Over 350 Locations Across the Nation
Key Details
| Price: | $6,800,000 |
|---|---|
| Cap Rate: | 7.75% |
| Annual Rent: | $526,732 |
| Address: | 2285 Reservoir Avenue, Trumbull, Connecticut 06611 |
| Property Type: | Specialty |
Property Data
| Lot Size: | 1.50 Acres |
|---|---|
| Building Size: | 24,856 SF |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Ilan Bley
ibley@nnnpro.com
License: NY: 10401372865
Broker of Record
Brian Brockman
Bang Realty-New England, Inc
License: REB.0792373
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.