1090 Meriden Waterbury Tpke - Medical CONDO FOR SALE


Cheshire, CT 06410
$575,483 USD
203-209-3337
1090 Meriden Waterbury Tpke, Cheshire, CT for Sale
$575,483 USD
Medical CONDO - FOR SALE
1/6
null | 7.99% Cap Rate

1090 Meriden Waterbury Tpke
Cheshire, CT 06410


HIGHLIGHTS

  • Fully Leased, NNN Long term Lease in place
  • Space in exceptional condition
  • Great location, strong visibility and access

OVERVIEW

- 100% Leased, Long-Term NNN Structure – Fully leased through 2035, providing passive income with minimal landlord responsibilities - Attractive Current Income – $45,979 NOI in the current year - Built-In Rent Growth – 3.00% annual escalations - Recently Renovated Asset – Built in 2006 and updated in the past few years - Strong Demographics – 10-minute drive trade area boasts $99,828 median household income, $382,312 median home value, and 69% owner-occupancy — one of Central Connecticut's most affluent submarkets - Dense, Established Trade Area – 55,682 population and 27,707 employees within a 10-minute drive support ongoing demand for services - High Visibility & Access – Located on Meriden-Waterbury Turnpike, a primary Cheshire commercial corridor, with strong connectivity to I-691, I-84, and Route 10 - Traffic Counts – ±10,300 AADT supports visibility and tenant exposure - Condominium Structure – Simplified ownership with reduced landlord obligations

FOR SALE DETAILS

PRICE

$575,483 USD

PRICE/SF

$245 USD /SF

CAP RATE

7.99%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

2,350 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

C-3

APN/PARCEL ID

CHES-000005-000012

ASK ABOUT THIS PROPERTY

Bryan AthertonAtherton Real Estate Advisors LLCMore Info
203-209-3337

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Bryan AthertonAtherton Real Estate Advisors LLCMore Info
203-209-3337

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.