Your email has been sent.
72 Pine St 2,350 SF Office/Medical Condo Unit Offered at $512,727 in Bristol, CT 06010
Investment Highlights
- Long Term NNN Lease in Place
- Excellent Condition
- Great Location with strong accessibility and visibility
Executive Summary
72 Pine Street, Unit A, Bristol, CT presents an exceptional net-leased investment opportunity in a well-established medical and professional office corridor. This fully leased medical office condominium is occupied on a long-term 100% triple-net lease through 2035, delivering stable passive income with minimal landlord responsibility. Containing approximately 2,350 square feet, the property was originally built in 2009 and renovated/updated in the past few years, offering investors a modern, well-maintained asset in excellent condition. The current NOI is $43,659 with 3% annual rent escalations, creating built-in income growth over the lease term. Strategically positioned with convenient access to Routes 6 and 72 and exposure to approximately 22,300 vehicles per day, the property benefits from strong surrounding demographics, established healthcare demand, and a supportive mix of nearby residential neighborhoods and neighborhood retail. Offered at $512,727, this is an attractive opportunity to acquire a turnkey medical office investment with long-term tenancy, predictable cash flow, and upside through contractual rent growth. PROPERTY ALSO AVAILABLE AS PACKAGE DEAL WITH FULLY LEASED 1090 Meriden Waterbury Turnpike, Unit 4, Cheshire, CT: PACKAGE ASKING PRICE: $1,088,210
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 8.52% |
| Sale Type | Investment |
| Cap Rate | 8.52% |
- Attractive Current Income – $43,659 NOI in the current year
- Built-In Rent Growth – 3.00% annual escalations protect income against inflation over the lease term
- Recently Renovated Asset – Built in 2009 and fully remodeled in the past few years
- Established Medical Office Corridor – Located within a well-established medical and professional office corridor, surrounded by residential neighborhoods, healthcare providers, and neighborhood retail
- Strong Traffic Counts – ±22,300 AADT supports visibility and tenant exposure
- Convenient Regional Access – Easy access to Routes 6 and 72
- Dense, Established Trade Area – 59,744 population and 31,848 employees within a 10-minute drive
- Solid Demographics – 10-minute drive trade area boasts $75,848 median household income and $308,596 median home value
- Condominium Structure – Simplified ownership with reduced landlord obligations
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit A | 2,350 SF | Office/Medical | $512,727 ($218.18/SF) | $43,659 |
Unit A
| Unit Size |
| 2,350 SF |
| Condo Use |
| Office/Medical |
| Price |
| $512,727 ($218.18/SF) |
| NOI |
| $43,659 |
Unit A
| Unit Size | 2,350 SF |
| Condo Use | Office/Medical |
| Price | $512,727 ($218.18/SF) |
| NOI | $43,659 |
| Sale Type | Investment |
| Cap Rate | 8.52% |
| Description | |
| Fully Leased medical office condominium, in exceptional condition with strong location. | |
| Sale Notes | |
|
- 100% Leased, Long-Term NNN Structure – Fully leased through 2035, providing passive income with minimal landlord responsibilities - Attractive Current Income – $43,659 NOI in the current year - Built-In Rent Growth – 3.00% annual escalations protect income against inflation over the lease term - Recently Renovated Asset – Built in 2009 and fully remodeled in the past few years - Established Medical Office Corridor – Located within a well-established medical and professional office corridor, surrounded by residential neighborhoods, healthcare providers, and neighborhood retail - Strong Traffic Counts – ±22,300 AADT supports visibility and tenant exposure - Convenient Regional Access – Easy access to Routes 6 and 72 - Dense, Established Trade Area – 59,744 population and 31,848 employees within a 10-minute drive - Solid Demographics – 10-minute drive trade area boasts $75,848 median household income and $308,596 median home value - Condominium Structure – Simplified ownership with reduced landlord obligations |
Property Facts
| Total Building Size | 7,000 SF | Typical Floor Size | 7,000 SF |
| Property Type | Office (Condo) | Year Built | 2009 |
| Property Subtype | Medical | Lot Size | 1.50 AC |
| Building Class | B | Parking Ratio | 6.43/1,000 SF |
| Floors | 1 | ||
| Zoning | BHC - Commercial | ||
| Total Building Size | 7,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 7,000 SF |
| Year Built | 2009 |
| Lot Size | 1.50 AC |
| Parking Ratio | 6.43/1,000 SF |
| Zoning | BHC - Commercial |
Contact the Sale Advisor
72 Pine St