469 E Main St, Branford, CT 06405
- $4,650,000
- 28,088
- SqFt
- List Price
- $4,650,000
- Status
- ACTIVE
- MLS#
- 24177556
- Year Built
- 2005
- Acres
- 3.93
- Living Area
- 28,088
- Neighborhood
- N/A
Property Description
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.
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Additional Information
- Taxes
- $77,496
- Lot Size
- 171,190
- Interior Features
- Elevator
- Flooring
- Concrete
- Heating
- Hot Air
- Cooling System Type
- Central Air
- Water Source
- Public
- Exterior Features
- Sidewalk, Lighting
- Parking Spaces
- 185
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Listing courtesy of Nick Mastrangelo from Coldwell Banker Realty. (203) 641-2100 (203) 795-6000
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