200 Main Street Ext | Middletown, CT 06457
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- LoopNet Team
200 Main Street Ext
Middletown, CT 06457
Dental - 10 yrs NNN - 7.15% Cap · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Base 10-yr with two 5-yr renewal options; 10% rent increase every 5 yrs.
- High visibility; Close to Middlesex Hospital and Wesleyan University; 5 mile radius average household income of $92,726.
- Ideal 1031 Exchange Property.
- Sticky Tenant - Dental practices rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.
- Former bank completely renovated (including roof and mechanicals) in 2011.
- Demand for dental care is incredibly e-commerce and recession resistant.
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
2,962 SF
Building Class
B
Year Built/Renovated
1977/2011
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,962 SF
Building FAR
0.09
Lot Size
0.72 AC
Zoning
TD - Transitional Development
Parking
16 Spaces (5.4 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Security System
- Central Heating
- Natural Light
- Recessed Lighting
- Yard
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | MTWN-000034-000000-000069 | Improvements Assessment | $434,440 |
| Land Assessment | $120,750 | Total Assessment | $555,190 |
PROPERTY TAXES
Parcel Number
MTWN-000034-000000-000069
Land Assessment
$120,750
Improvements Assessment
$434,440
Total Assessment
$555,190
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