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$ 4,900,000
Est. payment /mo
Active
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
469 East Main Street, Branford, CT is offered for sale as a fully leased, stabilized net-leased investment anchored by a nationally recognized tenant with 9 years remaining on the current lease term and multiple renewal options. The property provides predictable, long-term cash flow supported by a strong tenancy profile and structured annual rental increases, creating built-in income growth. The asset is offered at a 7.50% cap rate and approximately $174 per square foot, representing an attractive basis for investors seeking dependable yield in a core Connecticut market. The 28,088 SF freestanding building features a balanced mix of anchor and complementary retail users with independent utilities and efficient operating structure, minimizing landlord responsibilities. Strategically positioned in a high-visibility commercial corridor between New York City and Boston, and within close proximity to Yale University and Yale New Haven Hospital, the property benefits from sustained regional demand drivers and strong market fundamentals. This offering represents an opportunity to acquire a turn-key asset with secure income, long-term lease stability, and favorable market positioning.
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