469 E Main St - Freestanding FOR SALE


Branford, CT 06405
$4,650,000 USD
203-641-2100
469 E Main St, Branford, CT for Sale
$4,650,000 USD
Freestanding - FOR SALE
1/17
null | 7.5% Cap Rate

469 E Main St
Branford, CT 06405


HIGHLIGHTS

  • Offered for sale as a stabilized multi-tenant investment property anchored by Planet Fitness
  • Anchor tenant has approximately 8 years remaining on current term plus renewal options
  • 7.50% cap rate with scheduled annual rental increases
  • Two-story anchor space with elevator access
  • Three ground-level retail suites
  • Independent HVAC systems and dedicated utilities throughout

OVERVIEW

469 East Main Street, Branford, Connecticut, is offered for sale as a stabilized multi-tenant investment property anchored by Planet Fitness, which has approximately eight years remaining on its current lease term along with multiple renewal options. The property provides stable and predictable long-term cash flow and is offered at an approximate 7.5% capitalization rate and roughly $165 per square foot, presenting an attractive investment opportunity within the Connecticut market. The 28,088-square-foot freestanding retail building features a complementary mix of synergistic tenants and is strategically positioned along a high-visibility commercial corridor between New York City and Boston. Its proximity to Yale University and Yale New Haven Hospital further supports strong regional demand and long-term market stability. This offering represents an opportunity to acquire a well-maintained, turn-key investment asset with secure income, long-term tenancy, and favorable positioning within a strong Connecticut retail market.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

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.