City MD | Rare Fairfield County | 2024 Construction
Retail | 5.75% CAP | 6,568 SqFt
Marketing description
SURMOUNT is pleased to present the exclusive listing for a CityMD Urgent Care located at 320 Kings Hwy E, Fairfield, CT 06825. The site consists of roughly 6,568 rentable square feet of building space on an estimated 0.31-acre parcel of land. This CityMD Urgent Care is subject to a 10-year Triple Net (NNN) lease, which commenced 9/30/2024. The current annual rent is $225,000 and has scheduled increases of 10.00% every 5 years.
Investment highlights
Absolute Triple-Net (NNN) Investment There are zero landlord responsibilities on this lease, making it an extremely passive investment.
Brand New 10-Year Lease with Full Corporate Guarantee CityMD just signed a brand new 10-year lease at this location. The corporate entity guarantees the full term and has over 150 locations across New York and New Jersey. CityMD is the largest urgent care company in the New York Metropolitan area.
Brand New 2024 Construction with Attractive Rental Increaes This is brand new state of the art buildout for CityMD, with a new lease featuring attractive rental increases. There are 10% rental increases every 5-years, providing a strong hedge against inflation.
Ideal Location for an Urgent Care Concept | Phenomenal Population Density and Income Levels The surrounding area boasts well above average household income figures and is very densely populated with over 247,000 residents in a five mile radius with an AHHI of $101,650 . CityMD is very well positioned within this market to take advantage of the above average income levels as well as the strong population density.
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