fbpx Skip to Content

SightMD

Manchester, Connecticut

Map View

Street View

About the Investment:

✓ New 10 Year NN Lease Signed in Early 2021 | Extremely Minimal Landlord Responsibilities | Net Lease Cash Flow in a Core CT Market
✓ Specialized Surgery Center Buildout | This Center Supports Multiple Ophthalmology Offices in the Region
✓ Strong Rental Increases| 2% Annually Throughout the Term of this Lease and Option Periods | Strong Inflation Protected Yields
✓ Attractive Real Estate Fundamentals | Eight Miles from Hartford, CT | 418,400 Individuals Within a Ten Mile Radius | Average Household Income Within Five-Miles is $99,200
✓ Financially Strong and Growing Eyecare Practice Guaranteeing the Lease | Further Expansion Planned Throughout NYC, Westchester, Connecticut, and Long Island | Over 63 Location in The Northeast

Key Details

Price:
$3,900,511
Cap Rate:
7.12%
Annual Rent:
$277,889
Address:
178 Hartford Road, Manchester, Connecticut 06040
Property Type:
Net Lease Medical
Lease Type:
Double Net (NN)

Original Lease Term:
10 years
Lease Commencement:
July 23, 2021
Lease Expiration:
July 31, 2031
Lease Term Remaining:
7+
Rental Increases:
2% Annually
Lot Size:
+/- 0.56 Acres
Building Size:
10,443 SF
Year Built:
1995
Year Renovated:
2021
Tenant:
SightMD

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony D’Ambrosia

License: 10401294012

Josh Kanter

License: 10401294056

Ilan Bley

License: 10401372865

Broker of record

Brian Brockman

Bang Realty-New England, Inc

License: REB.0792373


Similar Properties

available

Parachute Plasma

3451 Cypress Mill Rd, Manchester, Connecticut, 31520

available

Parachute Plasma

27 Hwy 75 N, Manchester, Connecticut, 77320

available

Parachute Plasma

928 N Hwy 123 Bypass, Manchester, Connecticut, 78155

available

Parachute Plasma

2463 N Main St, Manchester, Connecticut, 38555