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.
Listed by Coldwell Banker Realty, Nick Mastrangelo. Data sourced from SmartMLS
