632 New Haven Ave | Milford, CT 06460
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- LoopNet Team
632 New Haven Ave
Milford, CT 06460
Pond Point Animal Hospital · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guarantee – The lease is corporately guaranteed by CareVet, LLC
- Practice Acquired by Large National – Veterinary Operator CareVet acquired the practice in January of 2021 due to the practice’s strong performance
- Recession-Resistant Property – Veterinary properties are extremely sought-after investments for their resistance to downturns in the economy
- Inflation-Protected Lease Structure – Attractive 2.8% annual rental increases are built in throughout the base term, and 8% rental increases
- Limited Landlord Responsibilities – The landlord is responsible for the roof, parking lot and foundation of the premise
- High Income Area – The 1-mile AHHI is ±$124,000. The 3 & 5-mile AHHI both also exceed ±$100,000
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,386 SF
Building Class
C
Year Built
1948
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.38 AC
Zoning
CDD4
Parking
11 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
76’ on New Haven Avenue
PROPERTY TAXES
| Parcel Number | MILF-000068-000711-000004 | Improvements Assessment | $232,110 |
| Land Assessment | $189,430 | Total Assessment | $421,540 |
PROPERTY TAXES
Parcel Number
MILF-000068-000711-000004
Land Assessment
$189,430
Improvements Assessment
$232,110
Total Assessment
$421,540
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