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SightMD and Tooth & Gumz

Hartford, Connecticut

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About the Investment:

✓ SightMD | New 10 Year NN Lease Signed in 2021 After A Decade+ of Operations in the Same Location
✓ Attractive Real Estate Fundamentals | Two Miles from Downtown Hartford, CT |584,000 Individuals Within a Ten-Mile Radius
✓ Above Market Rental Increases| 2% Annually Throughout the Term of this Lease and Option Periods | Strong Inflation Protected Yields
✓ Financially Strong and Growing Eyecare Practice Guaranteeing the Lease | Further Expansion Planned Throughout NYC, Westchester, Connecticut, Long Island, and Pennsylvania | Over 63 Location in The Northeast

Key Details

Price:
$1,696,607
Cap Rate:
6.75%
Annual Rent:
$114,521
Address:
1500 Albany Ave, Hartford, Connecticut 06112
Property Type:
Medical
Lease Type:
Double Net (NN); Gross Lease

Original Lease Term:
10 Years; 10 Years (+5 Year Extension)
Lease Commencement:
July 2021; January 1, 2014
Lease Expiration:
July 31, 2031; December 31, 2028
Lease Term Remaining:
~7 Years; ~5 Years
Rental Increases:
2% Annually; None
Lot Size:
0.27 Acres
Building Size:
3,667 SF
Year Built:
2012
Tenant:
SightMD and Tooth & Gumz

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


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