The Learning Experience - Wilmington, MA
Wilmington, MA Horvath & Tremblay has completed sale of three properties for combined sales of $10.175 million. The properties include The Learning Experience and Car Wash in Mass., Taco Bell in Maine and Chase Bank in N.J.
![](https://nerej.com/img/stories/new/Headshots/Tremblay_Todd-HT.jpg)
![](https://nerej.com/img/stories/new/Headshots/Ahrens_Brian-HT.jpg)
Todd Tremblay, Brian Ahrens, Bob Horvath, and Steven Girolamo of Horvath & Tremblay completed the sale of The Learning Experience and Car Wash. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the transaction at a sale price of $5.125 million. The Learning Experience and Car Wash are located adjacent to a Market Basket, TJ Maxx & CVS anchored shopping center. The Learning Experience has been operating the daycare and early education academy at the property since it’s construction in 2012. The Car Wash is replacing a former Sonic Drive-In at the property. The lessee of the car wash is Nouria Energy, one of New England’s largest family-owned operators of convenience stores, fueling stations and car washes.
![](https://nerej.com/img/stories/new/Headshots/Horvath_Bob-HT.jpg)
![](https://nerej.com/img/stories/new/Headshots/Girolamo_Steve-HT.jpg)
![](https://nerej.com/img/stories/new/Headshots/Nadler_Matt-HT.jpg)
Bob Horvath and Todd Tremblay also represented the seller of the ground lease to a newly constructed Chase Bank in Middletown, N.J. The property closed at a sale price of $3.85 million, a 4.42% cap rate.
Matthew Nadler represented the buyer of a free-standing Taco Bell in Portland, Maine and closed the sale at a price of $1.2 million. This Taco Bell restaurant is operated by Charter Foods, a 200+ unit franchisee. Taco Bell fully occupies a 2,250 s/f building along Washington Dr.