For Sale | $1,150,000
FOR SALE | 4,500± SF 1-STORY RETAIL/MEDICAL CONDO | INVESTMENT OPPORTUNITY - 10.19% CAP RATE
Jay L. Morris
O: (860) 761-6008
C: (860) 916-1747
[email protected]
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Highlights
- 10.19% CAP Rate
- NOI: $117,154
- 4,500± SF 1-Story Retail/Medical Condo
- 4,350± SF Rentable Area
- Built in 2009
- Leased to Total Vision through 10/31/2029
- Ample Parking
- Easy Access
- Excellent Visibility
Property Description
O,R&L Commercial presents a lucrative investment opportunity at 485 Willard Avenue with this 4,500± SF 1-story retail/medical condo in Newington, CT. Boasting a 10.19% CAP rate and $117,154 NOI, this property offers a steady income stream. The building, constructed in 2009, is leased to Total Vision through 10/31/2029, ensuring a stable tenancy. With excellent visibility on Alumni Rd and Willard Avenue, 50± parking spaces, and easy access to I-84 and Route 9, this property is strategically located for maximum exposure. Featuring three individual 1,450± SF condos, this space is versatile and suitable for a range of businesses. Mechanical features like 100% AC and natural gas heating enhance tenant satisfaction. Moreover, being in a highly trafficked area with 15,000± ADT, this property is primed for success. Don't miss out on this prime investment opportunity at 485 Willard Avenue - a property that perfectly combines location, stability, and potential for growth.
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