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Healthtrax-Bristol 842 Clark Ave 52,396 SF Retail Building Bristol, CT 06010 $2,417,778 ($46.14/SF) 6.75% Cap Rate
Investment Highlights
- ATTRACTIVE $46/SF ACQUISITION BASIS WELL BELOW REPLACEMENT COST
- NEWLY EXECUTED 15-YEAR ABSOLUTE NNN LEASE EXTENSION
- PROVEN OPERATING LOCATION
- ESTABLISHED TENANCY – LONG OPERATING HISTORY & STRONG REGIONAL FOOTPRINT
- CORPORATE & PERSONAL GUARANTEES
- EXCEPTIONALLY LOW RENT SUPPORTS LONG-TERM TENANT VIABILITY
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale the Healthtrax located at 842 Clark Avenue in Bristol, Connecticut, a 52,392-square-foot single-tenant net lease investment. The property is leased to Healthtrax under a newly executed 15-year absolute NNN lease, providing investors with passive, management-free income through September 2040. The offering features fixed 2% annual rent increases and exceptionally low occupancy costs of approximately $3.12 per square foot, supporting durable long-term cash flow. Healthtrax has successfully operated at this location for years prior to executing its new long-term lease, demonstrating a proven operating history and long-term commitment to the site. The combination of a fresh 15- year lease, sustainable rent structure, and below-market occupancy costs provides investors with a highly secure income stream backed by a tenant that has validated the
location through long-term performance. Offered at approximately $46 per square foot, the investment presents an attractive basis well below replacement cost for a modern fitness facility of this scale. Located within the Hartford MSA, the property serves a dense and established trade area supported
by major employers including ESPN, Bristol Hospital, and Barnes Group, along with a diverse base of healthcare, education, and retail demand drivers.
location through long-term performance. Offered at approximately $46 per square foot, the investment presents an attractive basis well below replacement cost for a modern fitness facility of this scale. Located within the Hartford MSA, the property serves a dense and established trade area supported
by major employers including ESPN, Bristol Hospital, and Barnes Group, along with a diverse base of healthcare, education, and retail demand drivers.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Health Club
Building Size
52,396 SF
Building Class
B
Year Built
1975
Price
$2,417,778
Price Per SF
$46.14
Cap Rate
6.75%
NOI
$163,200
Tenancy
Single
Building Height
2 Stories
Building FAR
0.33
Lot Size
3.70 AC
Zoning
BG
Parking
70 Spaces
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | BRIS-000066-000000-000260-000004 | Improvements Assessment | $1,062,530 |
| Land Assessment | $356,510 | Total Assessment | $1,419,040 |
Property Taxes
Parcel Number
BRIS-000066-000000-000260-000004
Land Assessment
$356,510
Improvements Assessment
$1,062,530
Total Assessment
$1,419,040
Contacts
-
Eric Suffoletto -
David Hoppe -
Danny Griffin -
Ben Olmstead -
Mike Lucier -
Kendra Doherty -
Atlantic Capital Partners
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Healthtrax-Bristol | 842 Clark Ave
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