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Multi Tenant Retail

One Herald Square

1 Herald Square New Britain, CT 06051

Listing Price: $6,352,712

Cap Rate

7.50%

Net Operating Income

$476,867

Occupancy

96.8%

Lot Size

2.19 Acres

Number of Tenants

Six (6)

Parking Spaces

103 Spaces

Year Built

1978/2016

Investment Highlights:
 

Exclusivley Listed By:

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ASSOCIATE DIRECTOR INVESTMENTS
NICK GEANEOTES

(215) 531-7071
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SENIOR MANAGING DIRECTOR INVESTMENTS
DERRICK DOUGHERTY

(215) 531-7026

OPTIMAL REAL ESTATE FUNDAMENTALS
» The property sits on 2.19 acres with a generous parking ratio of 3.94 spaces per 1,000 SF and 103 parking spots, accommodating medical and office traffic.

STRATEGIC LOCATION AND ACCESSIBILITY
» Situated near Route 9 (64,334 VPD) and Route 72 (56,000 VPD) with direct visibility to the Harry Truman Overpass (19,704 VPD); excellent access for both patients and employees with multiple ingress/egress points.

 

STRONG OCCUPANCY
» The asset is 96.8% leased across six tenants, displaying stabilized in-place income and minimal rollover risk.

 

HEALTHCARE-TENANT ANCHORED
» Over 77% of the Rent Roll is healthcare-related (dialysis, primary care, emergency medicine), offering income stability and recession resistance.

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2005 Market Street, Suite 1510

Philadelphia, PA 19130

(215) 531-7000

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