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Child Care

The Learning Experience

11 Shaker Rd, Enfield, CT 06082

Listing Price: $5,960,000

Cap Rate
6.25%
Tenant Name
TLE at Enfield, LLC
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Double Net
Rent Per Square Feet
$37.25

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Learning Experience property located at 11 Shaker Road in Enfield, Connecticut. The site consists of roughly 10,000 rentable square feet of building space on estimated 2.27-acre parcel of land. This Learning Experience is subject to a 20-year absolute triple-net (NNN) lease, which expires on 6/13/2024. The current annual rent is $372,500 and is scheduled to increase by 12% every 5 years throughout the base term and the 5-year renewal option.

Investment Highlights

  • Long-Term, 20-Year Net Lease | Brand New 2022 Construction
  • Best in Class Guaranty Structure | $1,000,000 Guaranty Cap from TLE Corporate
  • Strong Twelve Percent (12%) Rental Increases Occurring Every Five (5) Years

Exclusively Listed By

Child Care

The Learning Experience

Listing Price: $5,960,000

Cap Rate
6.25%
Tenant Name
TLE at Enfield, LLC
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Double Net
Rent Per Square Feet
$37.25

Investment Highlights

  • Long-Term, 20-Year Net Lease | Brand New 2022 Construction
  • Best in Class Guaranty Structure | $1,000,000 Guaranty Cap from TLE Corporate
  • Strong Twelve Percent (12%) Rental Increases Occurring Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Learning Experience property located at 11 Shaker Road in Enfield, Connecticut. The site consists of roughly 10,000 rentable square feet of building space on estimated 2.27-acre parcel of land. This Learning Experience is subject to a 20-year absolute triple-net (NNN) lease, which expires on 6/13/2024. The current annual rent is $372,500 and is scheduled to increase by 12% every 5 years throughout the base term and the 5-year renewal option.

Exclusively Listed By

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