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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:
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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