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100 Main St
Middletown, CT 06457
3-TENANT MEDICAL & RETAIL CENTER · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BEST-IN-CLASS OPERATOR
- MACROECONOMIC CHANGES PROTECTION
- VISIBILITY & ACCESS
- GROWING INDUSTRY
- AFFLUENT DEMOGRAPHICS
- NNN LEASE STRUCTURE WITH ATTRACTIVE RENTAL INCREASES
EXECUTIVE SUMMARY
Northmarq National Healthcare Group is pleased to exclusively offer the opportunity to acquire the fee simple interest in a 3-tenant medical and retail building located in the heart of Middletown, Connecticut. The property is comprised of 3 tenants: DaVita Dialysis, Edible Arrangements, and a local restaurant, Abyssinian Food. The anchor tenant, DaVita, Inc. is one of the leading kidney care companies in the world with over 2,657 outpatient clinics in 46 states. It also offers acute inpatient dialysis services in approximately 850 hospitals and it guarantees this lease unconditionally. This publicly traded company is number 341 on the Fortune 500. As of December 31, 2024, DaVita, Inc. generated over $12.82 billion in revenue yielding it over $936.3 million in net income. DaVita, Inc. is credit rated Ba2 by Moody's Investor Services and BB by Standard & Poor's Rating Service. Warren Buffet's Berkshire Hathaway is a long-time owner of the company with 38% of the total shares outstanding owned, making this his 12th largest position.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,000 SF
Building Class
C
Year Built/Renovated
1960/2009
Price
$4,337,000
Price Per SF
$309.79
Cap Rate
7%
NOI
$303,590
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.39
Lot Size
0.82 AC
Zoning
B-1
Parking
29 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
315’ on Main Street
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | MTWN-000024-000000-000274 | Improvements Assessment | $1,773,370 |
| Land Assessment | $557,070 | Total Assessment | $2,330,440 |
PROPERTY TAXES
Parcel Number
MTWN-000024-000000-000274
Land Assessment
$557,070
Improvements Assessment
$1,773,370
Total Assessment
$2,330,440
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