842 Clark Ave - Flex FOR SALE


Bristol, CT 06010- Bristol/Plainville
$2,417,778 USD
508-272-0585
842 Clark Ave, Bristol, CT for Sale
$2,417,778 USD
Flex - FOR SALE
1/4
null | 6.75% Cap Rate

842 Clark Ave
Bristol, CT 06010
Bristol/Plainville


HIGHLIGHTS

  • ATTRACTIVE $46/SF ACQUISITION BASIS WELL BELOW REPLACEMENT COST
  • ESTABLISHED TENANCY – LONG OPERATING HISTORY & STRONG REGIONAL FOOTPRINT
  • NEWLY EXECUTED 15-YEAR ABSOLUTE NNN LEASE EXTENSION
  • CORPORATE & PERSONAL GUARANTEES
  • PROVEN OPERATING LOCATION
  • EXCEPTIONALLY LOW RENT SUPPORTS LONG-TERM TENANT VIABILITY

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale the Healthtrax located at 842 Clark Avenue in Bristol, Connecticut, a 52,392-square-foot single-tenant net lease investment. 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 offering features fixed 2% annual rent increases and exceptionally low occupancy costs of approximately $3.12 per square foot, supporting durable long-term cash flow. Healthtrax has successfully operated at 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 combination of a fresh 15- year lease, sustainable rent structure, and below-market occupancy costs provides investors with a highly secure income stream backed by a tenant that has validated the location through long-term performance. Offered at approximately $46 per square foot, the investment presents an attractive basis well below replacement cost for a modern fitness facility of this scale. Located within the Hartford MSA, the property serves a dense and established trade area supported by major employers including ESPN, Bristol Hospital, and Barnes Group, along with a diverse base of healthcare, education, and retail demand drivers.

FOR SALE DETAILS

PRICE

$2,417,778 USD

PRICE/SF

$46 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Healthtrax-Bristol

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

3.7

LAND SF

161,172

ZONING

BG

APN/PARCEL ID

BRIS-000066-000000-000260-000004

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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