469 E Main St - Freestanding FOR SALE


Branford, CT 06405
$5,890,000 USD
805-570-7430
469 E Main St, Branford, CT for Sale
$5,890,000 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

469 E Main St
Branford, CT 06405


HIGHLIGHTS

  • Recent 10 year Extension & Low Rent
  • Top Performing Location
  • Strong Demographics

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to present a multi-tenant investment opportunity anchored by a top-performing Planet Fitness in Branford, CT. Planet Fitness recently extended its lease for an additional 10 years through 2034, with two 5-year renewal options and 3% annual rent increases, contributing 78% of the total gross income and providing stable growth over the long term. This Planet Fitness ranks as the #1 health club within a 15-mile radius and is in the top 6% of locations nationwide, highlighting its exceptional performance and customer loyalty. Situated in a mature trade area, the property draws from a dense residential community of over 28,000 residents, with an average household income exceeding $147,000 within one mile. Surrounded by national retailers, this property benefits from strong demographics, high visibility, and a thriving commercial environment, making it an attractive investment opportunity.

FOR SALE DETAILS

PRICE

$5,890,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Planet Fitness Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

185

LAND DETAILS

LAND ACRES

3.93 AC

LAND SF

171,191 SF

ZONING

IG-2

APN/PARCEL ID

BRAN-000005H-000001-000001

ASK ABOUT THIS PROPERTY

Mark ThielMarcus & MillichapMore Info
805-570-7430

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Mark ThielMarcus & MillichapMore Info
805-570-7430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.