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34243651
34243649

842 Clark Avenue, Bristol, CT 06010

ES
MA MA 9577141
Atlantic Capital Partners
DH
NC NC 288268
Atlantic Capital Partners
DG
MA 9571654
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$2,418,000
2 days on market
Updated 2 days ago

Healthtrax - Bristol, CT

Details
Property Type Special Purpose
Sub Type Sports/Entertainment, Fitness Center
Square Footage 52,392
Cap Rate 6.75%
NOI $163,200
Occupancy 100%
Tenancy Single
Brand/Tenant Healthtrax
Lease Type Absolute NNN
Lease Expiration 09/04/2040
Remaining Term 14
Rent Bumps Yes
Class A
Year Built 1975
Buildings 1
Acreage 3.700
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition 1031 exchange

Special Purpose | 6.75% CAP | 52,392 SqFt

Marketing description

Atlantic Capital Partners has been exclusively engaged to offer for sale Healthtrax - Bristol, CT, a 52,392-square-foot single-tenant net lease investment located at 842 Clark Avenue in Bristol, Connecticut. The property is leased to Healthtrax under a newly executed 15-year Absolute NNN lease, providing investors with passive, management-free income through September 2040. The lease features fixed 2% annual rental increases and exceptionally low occupancy costs of approximately $3.12 per square foot, creating a highly sustainable rent profile and durable long-term cash flow.

Healthtrax has successfully operated from this location for years prior to executing its new long-term lease, demonstrating a proven operating history and long-term commitment to the site. The lease is further strengthened by a triple guaranty and cross-defaulted with two additional Healthtrax locations in Enfield, CT and West Springfield, MA, providing investors with additional credit support beyond the subject property.

Offered at approximately $46 per square foot, the investment presents an attractive basis that is significantly below replacement cost for a modern fitness facility of this scale. Strategically positioned within the Hartford MSA, the property benefits from a dense and affluent trade area supported by major employers including ESPN, Bristol Hospital, Barnes Group, and a diverse mix of retail, healthcare, and educational institutions. The combination of a below-market acquisition basis, sustainable rent, and long-term lease structure creates a compelling opportunity for private investors seeking durable income with meaningful downside protection.

Investment highlights

ATTRACTIVE $46/SF ACQUISITION BASIS WELL BELOW REPLACEMENT COST - The offering is available at approximately $46 per square foot - a significant discount to replacement cost for a 52,392-square-foot institutional-quality fitness facility, providing investors with meaningful downside protection and long-term real estate value.

ESTABLISHED TENANCY - LONG OPERATING HISTORY & STRONG REGIONAL FOOTPRINT - Healthtrax features 15 locations across 6 states (CT, MA, RI, NJ, NY, NC) and has nearly 50 years of continuous operating history since its founding in 1979.

NEWLY EXECUTED 15-YEAR ABSOLUTE NNN LEASE EXTENSION - With decades of operation at this facility, Healthtrax recently executed a new 15-year master lease at the site, extending through 2040 and showing their long-term commitment to the location.

CORPORATE & PERSONAL GUARANTEES - The lease is backed by both a corporate guarantee & a personal guarantee from the CEO, providing investors with enhanced credit support from the operator.

PROVEN OPERATING LOCATION - Healthtrax has successfully operated from this location for years prior to executing its new long-term lease, demonstrating an established membership base and long-term commitment to the Bristol market.

EXCEPTIONALLY LOW RENT SUPPORTS LONG-TERM TENANT VIABILITY - Healthtrax occupies the property at an effective rental rate of approximately $3.12 per square foot, creating a highly sustainable occupancy cost that significantly enhances the likelihood of long-term lease performance and renewal.

Listing Contacts

ES
MA MA 9577141
Atlantic Capital Partners
DH
NC NC 288268
Atlantic Capital Partners
DG
MA 9571654
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$163,200.00
$13,600.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

Map

Zoning

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BG CommercialGeneral CommercialGeneral Business Zone
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Bryan Anderson
License
REB.0754893
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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