954-960 Main St 16,527 SF 100% Leased Office Building Branford, CT 06405 $3,600,000 ($217.83/SF) 8.19% Cap Rate

This property offers an excellent opportunity to own a medical office located on Main Street in Branford, CT, directly across from the Town Green. The
current doctor owners have been practicing at this location for over 35 years. The building is home to their primary care practice along with additional
complimentary medical tenants. The property has benefited from onsite management and attention to detail.
LEASE GUARANTORS
• Quinnipiac Medical of Branford, in practice for over 35 years, is home to four MD’s, three PA’s, and three NP’s. Their practice has expanded to offer concierge services in addition to in-office care. This tenant has recently amended their lease to restart their 5-Year term starting October 1, 2025.
• ENT Medical and Surgical, is comprised of 5 Doctors and was established over 25 years ago. Their office in Branford is one of three in the area. This tenant has recently amended their lease to restart their 5-Year term starting October 1, 2025.
• Audiology Services Company, is a subsidiary of Hearing Life, a 100-yearold hearing specialist with locations nationwide. They recently expanded and took a larger office in the building.
VALUE-ADD COMPONENT
Vacancies—The building has two small vacancies totaling 1,550 square feet ideal for additional medical uses such as Mental Health, Nutrition, Physical Therapy or Body Work, or Diagnostic Services. These units can be combined.
RENTAL INCREASES
All three leases feature annual rent increases of at least 2% to help offset the impact of inflation.
LOCATION
The property sits in the heart of Main Street in Branford, a picturesque shoreline community, which features countless Restaurants, Retail Stores, Professional Offices, and other sources for Night and Weekend Activities. Approximately 12,500 vehicles pass directly in front of the building daily. The location has over 100,000 people living within five miles which makes this an ideal site for medical use. Average Household Income is over $130,000 within just three miles of the property.
ACCESS
The property has direct access to Interstate 95 with an exit less than one mile away. I-95 provides access to New Haven (8 miles), Hartford (45miles), New York City (86 miles), and Providence (95 miles).
PROPERTY CONDITION
Ownership has operated on-site since purchase and has actively managed the property the entire time. No deferred maintenance is known to exist currently. Substantial improvements to the Roof were made in 2024 and includes a 10-year warranty. The property also benefits from having a public parking lot at the rear which provides adequate parking for the entire block, cutting down on common area maintenance expenses.