Coldwell Banker Realty
Listed by Coldwell Banker Commercial NRT Danbury, Coldwell Banker Realty
$700,000
1090 Meriden Waterbury Turnpike Unit 4
Details
Property Type Office
Sub Type Medical Office
Square Footage 2,323
Cap Rate 7.41%
NOI $51,900
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 07/31/2035
Remaining Term 9.2
Rent Bumps Yes
Price per SqFt $301
Class B
Year Renovated 2024
Zoning C-3
Investment Type Stabilized
Tenant Credit Franchisee
Occupancy Date 08/01/2025
Medical Investment | 6.49% CAP | 2,323 SqFt
Marketing description
Coldwell Banker Commercial is pleased to offer for sale a leased medical condominium located at 1090 Meriden Waterbury Turnpike in Cheshire, Connecticut, situated within an established medical office building along a primary commercial corridor. The unit is fully leased to a medical tenant under a long-term lease, providing investors with stable income and minimal management responsibilities. The property benefits from strong accessibility, surrounding residential density, and proximity to major healthcare services, making it an attractive opportunity to acquire income-producing healthcare real estate in a growing Central Connecticut market.
Investment highlights
•Fully Leased Medical Condominium Investment With Long-Term Tenant Providing Stable Cash Flow
•Located Within A Professional Medical Office Building Along The Meriden Waterbury Turnpike Commercial Corridor
•Strong Accessibility With Immediate Proximity To Route 6 And Route 72, Providing Convenient Access Throughout Cheshire And Surrounding Communities
•Positioned Within An Established Healthcare Environment Surrounded By Medical And Professional Office Users
•Low-Management Medical Office Investment Ideal For Investors Seeking Passive Income From Healthcare Real Estate
•Opportunity To Acquire Individually Or As Part Of A Two-Property Medical Portfolio Including 72 Pine Street In Bristol for $1,550,000
Listing Contacts
Coldwell Banker Realty
Listed by Coldwell Banker Commercial NRT Danbury, Coldwell Banker Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,900.00
$4,325.00/mo
Valuation Metrics
0
DSCR
7.41%
Cap Rate
7.41%
ROI
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