469 East Main Street
Retail | 28,088 SqFt
Marketing description
469 East Main Street, Branford, Connecticut, is offered for sale as a stabilized multi-tenant investment property anchored by Planet Fitness, which has approximately eight years remaining on its current lease term along with multiple renewal options. The property provides stable and predictable long-term cash flow and is offered at an approximate 7.5% capitalization rate and roughly $165 per square foot, presenting an attractive investment opportunity within the Connecticut market.
The 28,088-square-foot freestanding retail building features a complementary mix of synergistic tenants and is strategically positioned along a high-visibility commercial corridor between New York City and Boston. Its proximity to Yale University and Yale New Haven Hospital further supports strong regional demand and long-term market stability.
This offering represents an opportunity to acquire a well-maintained, turn-key investment asset with secure income, long-term tenancy, and favorable positioning within a strong Connecticut retail market.
Investment highlights
- Offered for sale as a stabilized multi-tenant investment property anchored by Planet Fitness
- Anchor tenant has approximately 8 years remaining on current term plus renewal options
- 7.50% cap rate with scheduled annual rental increases
- Approximate pricing of $165 per SF
- 28,088 SF free-standing features a complementary mix of synergistic tenants.
- Situated on 3.93-acre site with 185 parking spaces; excellent parking ratio of 6.5 spaces per 1,000 SF
- Two-story anchor space with elevator access
- Three ground-level retail suites
- Independent HVAC systems and dedicated utilities throughout
- Located adjacent to Branford Business Park, a fully developed commercial hub with strong visibility and signage exposure
- Positioned along high-traffic Route 1 with immediate access to two I-95 interchanges with dual access points including Business Park Drive
- Strategically located in New Haven County, between New York City and Boston, in close proximity to Yale University and Yale New Haven Hospital further supports strong regional demand and market stability.
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