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469 East Main Street Branford, CT 06405
28,088 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 28,088 sqft
Price per Sqft $174
MLS Listing ID 24140292
Year Built 2005
Annual Tax Amount $74,838
Lot Size 3.930 Acres
Property Description
This fully leased, stabilized net-leased investment opportunity anchored by a nationally recognized tenant with 9 years remaining on the current term and multiple renewal options. Offered at a 7.50% cap rate with scheduled annual rental increases, the asset delivers reliable long-term income & strong downside protection. The 28,088 SF free-standing multi-tenant building is strategically positioned along highly traveled Route 1 with immediate access to 2 I-95 interchanges, providing exceptional regional connectivity between NY City & Boston. Located in New Haven County, the property benefits from proximity to Yale University & Yale New Haven Hospital, both major economic drivers contributing to consistent tenant demand and traffic volume. Constructed in 2005, situated on a 3.93-acres, the property features a highly efficient parking ratio of 6.5/1,000, totaling 185 on-site spaces, ensuring ample capacity for all tenants & visitors. Additional access is provided via Business Park Drive, enhances functionality. The national anchor tenant occupies 20,888 SF across 2 levels, with elevator access, while 3 ground-level retail suites total 6,090 SF and are configured for long-term usability. With a compelling blend of location, credit tenancy, long-term lease security, & favorable market positioning, 469 East Main Street represents a turn-key investment opportunity priced at approximately $174 per SF, ideal for investors seeking dependable income in the CT commercial corridor.
Location
State CT
County New Haven
Zoning IG-2
Interior
Interior Features Elevator
Heating Hot Air
Cooling Central Air
Flooring Concrete
Exterior
Exterior Feature Sidewalk, Lighting, Pole Sign, Door Sign
Parking Features Paved, Parking Lot
Utilities Available Electric, Gas, Fire Suppression System
Roof Type Rubber,Tar/Gravel
Building
Lot Description Level Lot
Story 2
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Nick Mastrangelo • Coldwell Banker Realty