469 E Main St - Freestanding FOR SALE


Branford, CT 06405
$4,900,000 USD
203-641-2100
469 E Main St, Branford, CT for Sale
$4,900,000 USD
Freestanding - FOR SALE
1/10
null | 7.5% Cap Rate

469 E Main St
Branford, CT 06405


HIGHLIGHTS

  • Fully leased, stablized net-leased investment opportunity
  • Nationally accredited tenant with 9 years remaining on current term plus renewal options
  • 7.5% cap rate with scheduled annual rental increases, approximate pricing of $174 per SF
  • 28,088 SF free-standing Multi-tenant commercial building
  • Situated on 3.93-acre site with 185 parking spaces with excellent parking ratio of 6.5 spaces per 1,000 SF
  • Positioned along high-traffic Route 1 with immediate access to 2 I-95 interchanges, strategically located in New Haven County between NY City & Boston

OVERVIEW

This fully leased, stabilized net-leased investment opportunity anchored by a nationally recognized tenant with 9 years remaining on the current term and multiple renewal options. Offered at a 7.50% cap rate with scheduled annual rental increases, the asset delivers reliable long-term income & strong downside protection. The 28,088 SF free-standing multi-tenant building is strategically positioned along highly traveled Route 1 with immediate access to 2 I-95 interchanges, providing exceptional regional connectivity between NY City & Boston. Located in New Haven County, the property benefits from proximity to Yale University & Yale New Haven Hospital, both major economic drivers contributing to consistent tenant demand and traffic volume. Constructed in 2005, situated on a 3.93-acres, the property features a highly efficient parking ratio of 6.5/1,000, totaling 185 on-site spaces, ensuring ample capacity for all tenants & visitors. Additional access is provided via Business Park Drive, enhances functionality. The national anchor tenant occupies 20,888 SF across 2 levels, with elevator access, while 3 ground-level retail suites total 6,090 SF and are configured for long-term usability. With a compelling blend of location, credit tenancy, long-term lease security, & favorable market positioning, 469 East Main Street represents a turn-key investment opportunity priced at approximately $174 per square foot, ideal for investors seeking dependable income in the CT commercial corridor.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

185

LAND DETAILS

LAND ACRES

3.93 AC

LAND SF

171,191 SF

ZONING

IG-2

APN/PARCEL ID

BRAN-000005H-000001-000001

ASK ABOUT THIS PROPERTY

Nicholas MastrangeloColdwell Banker Commercial NRTMore Info
203-641-2100

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Nicholas MastrangeloColdwell Banker Commercial NRTMore Info
203-641-2100

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