May 31, 2023 – Zach Smith, Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of KinderCare in Enfield, Connecticut. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,503,759.
KinderCare is located at 561 Taylor Road in Enfield, Connecticut. The stand-alone building consists of 9,173 square feet on a 9.96-acre parcel. KinderCare has operated at this location since 2010 and they recently extended their lease term early demonstrating their commitment to the site and the market. KinderCare has 9+ years remaining on their Absolute NNN Lease with two (2), 5-year renewal options. The lease calls for a 10% rent increase in 2027 and at the start of each of their renewal options. The Property is positioned at the intersection of Taylor Road and Moody Road. The Advance Auto Parts Distribution Center, Enfield’s fourth-largest employer with about 415 team members, is seconds from the Property and the Enfield Commons, Enfield Square, Kohl’s Plaza, and Brookside Plaza shopping malls are within 3.5 miles of the Property. Major tenants in these centers include Burlington, Target, Marshalls, and Kohl’s, Costco, Dick’s, and the Home Depot. Enfield is at the center of the Hartford-Springfield interstate region which is an integrated economic area that straddles the Massachusetts-Connecticut border. This region is also commonly referred to as “New England’s Knowledge Corridor” due to its concentration of 29 colleges and universities, whose combined total enrollment exceeds 120,000 students.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.