For Sale
$6,800,000

2285 Reservoir AveTrumbull, CT 06611

High-yield, multi-tenant retail property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 24,856 square foot, multi-tenant retail property located at 2285 Reservoir Ave, Trumbull, CT 06611, in Fairfield County. The property is currently 100% occupied, boasting a strong net operating income (NOI) of $526,732, and a compelling 7.75% cap rate. Priced at $6,800,000 ($273.58/sq ft), this net lease investment offers minimal landlord responsibilities. The property features a modified lease structure with a multi-tenant occupancy, anchored by The Learning Experience, a nationally recognized and rapidly expanding early childhood education program with over 350 locations. The lease with The Learning Experience extends until August 31, 2040, providing a substantial remaining lease term of 15.8 years. Significant improvements are planned for 2024, including a new roof installation in May, along with renovations to The Learning Experience and Abrakadoodle spaces, encompassing new plumbing and HVAC systems. Rockwell Dance Center windows will also be replaced. Situated on a 1.5-acre lot, this property benefits from its location in affluent Fairfield County, consistently ranked among the wealthiest counties in the United States and home to numerous Fortune 1000 companies. This prime location makes it exceptionally well-suited for an early childhood education provider, further enhancing the long-term value and stability of this investment.

Highlights

  • Multi-tenant net lease investment opportunity anchored by The Learning Experience in Fairfield County, CT, offering minimal landlord responsibilities.
  • New roof installation (May 2024), plus tenant improvements including new plumbing and HVAC for The Learning Experience and Abrakadoodle; Rockwell Dance Center window replacements.
  • The Learning Experience: rapidly expanding national early education program with 350+ locations and 35+ new centers annually.
  • Prime location in affluent Fairfield County, CT – the 6th wealthiest county in the US, home to 19 Fortune 1000 companies, ideal for an early education provider.

Property Details for 2285 Reservoir Ave

Property type
Day care centers & nurseries, Retail properties
Square Feet
24,856 SF
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Trumbull
County
Fairfield
State
Connecticut
Latitude
41.2322602
Longitude
-73.1964732
2285 Reservoir Ave, Trumbull, Connecticut

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2285 Reservoir Ave
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