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29560283
29560284

33 Hospital Ave, Danbury, CT 06810

PD
CT RES.0804114
Stream Capital Partners
TT
NY 0401325906
Stream Capital Partners
Listed by Stream Capital Partners
$7,500,000
124 days on market
Updated 124 days ago

Neuroscience Institute

Details
Property Type Office
Sub Type Medical Office
Square Footage 11,381
Cap Rate 6%
NOI $449,891
Occupancy 100%
Tenancy Single
Brand/Tenant Neuroscience Institute, Nuvance Health
Lease Type NNN
Lease Expiration 09/30/2037
Remaining Term 11.3
Rent Bumps Yes
Lease Options 2x5 Years Options
Price per SqFt $659
Year Built 1988
Year Renovated 2022
Acreage 13.000
Parking Spaces 80 spaces
Parking Per SqFt 7.03
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Office | 6.00% CAP | 11,381 SqFt

Marketing description

  • High Acuity Neuroscience and Surgical Care Facility: The property is occupied by The Neuroscience Institute at Nuvance Health, a specialized medical practice delivering advanced neurosurgical and spine care for complex neurological conditions. The facility supports high acuity / surgical services, including minimally invasive brain and spine procedures, treatment of brain and spinal tumors, and coordinated care alongside hospital based specialists.

Investment highlights

  • Long-Term Lease with Stable Cash Flow: Firm base term extending through 2037, offering predictable income increasing 2% annually throughout the duration of the lease.

  • Irreplaceable Hospital Adjacent Location: Situated directly across from Danbury Hospital, the region’s primary acute care hospital, and positioned within an established medical campus that reflects sustained healthcare demand.

  • Strong Regional Healthcare Demand and Market Fundamentals: The property is located within Danbury’s primary healthcare and employment corridor, serving a regional trade area of more than 400,000 residents across Western Connecticut and neighboring New York. The market supports over $400 million in annual healthcare spending and is anchored by major hospital, outpatient, and specialty providers, creating sustained demand for high acuity and ambulatory medical services. Limited new medical development with strong demographic trends continue to reinforce Danbury’s position as the dominant healthcare hub in the region.

  • Operationally irreplaceable to Northwell-Nuvance Health System: 100% Occupied by Nuvance Health Medical Practice CT, Inc. (Guarantor) a $400MM+ annual revenue physician practice platform with approx. 56 locations & 176,000+ patients, fully integrated into Northwell-Nuvance Health System through a binding sole corporate member structure. The tenant is mission critical to the adjacent Danbury Hospital campus and the broader Western Connecticut network, making ongoing operational and financial support from the A-rated parent a strategic and economic necessity.

Listing Contacts

PD
CT RES.0804114
Stream Capital Partners
TT
NY 0401325906
Stream Capital Partners
Listed by Stream Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$449,891.00
$37,490.92/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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