Miscellaneous
Two Tenant Medical Building & Bank
49 Hazard Ave, Enfield, CT 06082
Listing Price: $5,322,015
Cap Rate
7.50%
Tenant Name
SoNE Health Medical Group
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
18,810
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.22
Investment Overview
See Highlights
Two Tenant Medical Building & Bank
Investment Highlights
- High Visibility - The property is located between Cranbrook Boulevard and Hazard Avenue with ingress and egress access onto each street. Hazard Avenue sees over 28,000 vehicles per day.
- Strategic Location - The subject property is located just south of Enfield Mall which is undergoing a $250M renovation as well as core submarket anchor tenants Costco and Home Depot.
- Strong Population - With 77,000+ residents and 29,000+ households within 5 miles, there is an ample customer base for the tenant. The 5-Mile average household income exceeds $120,000.
- Retail Corridor - The Enfield submarket is one of the strongest retail markets in the state with exceptional vacancy rates below 5% and rental rates increasing year over year.
- Corporately Guaranteed Tenants - The property is 100% leased to long-term tenants M&T Bank and Radiology Associates, both of which recently signed five year lease extensions, and SoNE Health Medical Group , which recently executed a five year lease to expand its area presence.
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
Listing Price: $5,322,015
Cap Rate
7.50%
Tenant Name
SoNE Health Medical Group
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
18,810
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.22
Investment Highlights
- High Visibility - The property is located between Cranbrook Boulevard and Hazard Avenue with ingress and egress access onto each street. Hazard Avenue sees over 28,000 vehicles per day.
- Strategic Location - The subject property is located just south of Enfield Mall which is undergoing a $250M renovation as well as core submarket anchor tenants Costco and Home Depot.
- Strong Population - With 77,000+ residents and 29,000+ households within 5 miles, there is an ample customer base for the tenant. The 5-Mile average household income exceeds $120,000.
- Retail Corridor - The Enfield submarket is one of the strongest retail markets in the state with exceptional vacancy rates below 5% and rental rates increasing year over year.
- Corporately Guaranteed Tenants - The property is 100% leased to long-term tenants M&T Bank and Radiology Associates, both of which recently signed five year lease extensions, and SoNE Health Medical Group , which recently executed a five year lease to expand its area presence.
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
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