City MD | Rare Fairfield County 320 Kings Hwy E 6,568 SF Retail Building Fairfield, CT 06825 $3,913,043 ($595.77/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Investment There are zero landlord responsibilities on this lease, making it an extremely passive investment.
- Brand New 2024 Construction with Attractive Rental Increases
- Brand New 10-Year Lease with Full Corporate Guarantee
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a CityMD Urgent Care located at 320 Kings Hwy E, Fairfield, CT 06825. The site consists of roughly 6,568 rentable square feet of building space on an estimated 0.31-acre parcel of land. This CityMD Urgent Care is subject to a 10-year Triple Net (NNN) lease, which commenced 9/30/2024. The current annual rent
is $225,000 and has scheduled increases of 10.00% every 5 years.
is $225,000 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,568 SF
Building Class
B
Year Built/Renovated
2002/2003
Price
$3,913,043
Price Per SF
$595.77
Cap Rate
5.75%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.31 AC
Zoning
DCD - Low density central district.
Parking
16 Spaces (1.94 Spaces per 1,000 SF Leased)
Frontage
50’ on Kings Highway East
AMENITIES
- 24 Hour Access
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | FAIR-000040-000000-000337 | Improvements Assessment | $440,580 |
| Land Assessment | $448,980 | Total Assessment | $889,560 |
CONTACTS
-
Glen Kunofsky -
Anthony D'Ambrosia -
Josh Kanter -
Richard Nardi -
Stewart Hickey -
NNN Pro Group
