72 Pine St - Medical CONDO FOR SALE


Bristol, CT 06010- Bristol/Plainville
$512,727 USD
203-209-3337
72 Pine St, Bristol, CT for Sale
$512,727 USD
Medical CONDO - FOR SALE
1/6
null | 8.52% Cap Rate


HIGHLIGHTS

  • Long Term NNN Lease in Place
  • Great Location with strong accessibility and visibility
  • Excellent Condition

OVERVIEW

- 100% Leased, Long-Term NNN Structure – Fully leased through 2035, providing passive income with minimal landlord responsibilities - Attractive Current Income – $43,659 NOI in the current year - Built-In Rent Growth – 3.00% annual escalations protect income against inflation over the lease term - Recently Renovated Asset – Built in 2009 and fully remodeled in the past few years - Established Medical Office Corridor – Located within a well-established medical and professional office corridor, surrounded by residential neighborhoods, healthcare providers, and neighborhood retail - Strong Traffic Counts – ±22,300 AADT supports visibility and tenant exposure - Convenient Regional Access – Easy access to Routes 6 and 72 - Dense, Established Trade Area – 59,744 population and 31,848 employees within a 10-minute drive - Solid Demographics – 10-minute drive trade area boasts $75,848 median household income and $308,596 median home value - Condominium Structure – Simplified ownership with reduced landlord obligations

FOR SALE DETAILS

PRICE

$512,727 USD

PRICE/SF

$218 USD /SF

CAP RATE

8.52%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

7,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

BHC

APN/PARCEL ID

-

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.