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469 E Main St 28,088 SF 100% Leased Retail Building Branford, CT 06405 $4,650,000 ($165.55/SF) 7.50% Cap Rate
Investment Highlights
- Offered for sale as a stabilized multi-tenant investment property anchored by Planet Fitness
- 7.50% cap rate with scheduled annual rental increases
- Three ground-level retail suites
- Anchor tenant has approximately 8 years remaining on current term plus renewal options
- Two-story anchor space with elevator access
- Independent HVAC systems and dedicated utilities throughout
Executive Summary
469 East Main Street, Branford, Connecticut, is offered for sale as a stabilized multi-tenant investment property anchored by Planet Fitness, which has approximately eight years remaining on its current lease term along with multiple renewal options. The property provides stable and predictable long-term cash flow and is offered at an approximate 7.5% capitalization rate and roughly $165 per square foot, presenting an attractive investment opportunity within the Connecticut market.
The 28,088-square-foot freestanding retail building features a complementary mix of synergistic tenants and is strategically positioned along a high-visibility commercial corridor between New York City and Boston. Its proximity to Yale University and Yale New Haven Hospital further supports strong regional demand and long-term market stability.
This offering represents an opportunity to acquire a well-maintained, turn-key investment asset with secure income, long-term tenancy, and favorable positioning within a strong Connecticut retail market.
The 28,088-square-foot freestanding retail building features a complementary mix of synergistic tenants and is strategically positioned along a high-visibility commercial corridor between New York City and Boston. Its proximity to Yale University and Yale New Haven Hospital further supports strong regional demand and long-term market stability.
This offering represents an opportunity to acquire a well-maintained, turn-key investment asset with secure income, long-term tenancy, and favorable positioning within a strong Connecticut retail market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
28,088 SF
Building Class
B
Year Built
2005
Price
$4,650,000
Price Per SF
$165.55
Cap Rate
7.50%
NOI
$348,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Lot Size
3.93 AC
Zoning
IG-2 - IG-2
Parking
185 Spaces (6.59 Spaces per 1,000 SF Leased)
Frontage
435’ on E Main st
Amenities
- Signage
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | BRAN-000005H-000001-000001 | Improvements Assessment | $2,676,000 |
| Land Assessment | $821,100 | Total Assessment | $3,497,100 |
Property Taxes
Parcel Number
BRAN-000005H-000001-000001
Land Assessment
$821,100
Improvements Assessment
$2,676,000
Total Assessment
$3,497,100
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469 E Main St
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