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1090 Meriden Waterbury Tpke
Cheshire, CT 06410

$575,483 USD

Medical Condo For Sale  •  2,350 SF

Property Details

  • Property Type Medical
  • Total Building Size 2,350 SF
  • Lot Size 1.36 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 7.99 %
  • Tenancy Multiple
  • Zoning C-3
10 Transit Score
30 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 4 Medical Office 2,350 SF $575,483 USD
  • Unit Size: 2,350 SF
  • Condo Use: Medical Office
  • Price: $575,483 USD
  • Sale Type: Investment
  • Price/SF: $244.89 USD
Description
Medical Office condominium, approximately ±2,350 sq. ft. Long term tenant in place, space in exceptional condition.

Sale Notes
- 100% Leased, Long-Term NNN Structure – Fully leased through 2035, providing passive income with minimal landlord responsibilities
- Attractive Current Income – $45,979 NOI in the current year
- Built-In Rent Growth – 3.00% annual escalations
- Recently Renovated Asset – Built in 2006 and updated in the past few years
- Strong Demographics – 10-minute drive trade area boasts $99,828 median household income, $382,312 median home value, and 69% owner-occupancy — one of Central Connecticut's most affluent submarkets
- Dense, Established Trade Area – 55,682 population and 27,707 employees within a 10-minute drive support ongoing demand for services
- High Visibility & Access – Located on Meriden-Waterbury Turnpike, a primary Cheshire commercial corridor, with strong connectivity to I-691, I-84, and Route 10
- Traffic Counts – ±10,300 AADT supports visibility and tenant exposure
- Condominium Structure – Simplified ownership with reduced landlord obligations

Description 

1090 Meriden Waterbury Tpke, Unit 4 in Cheshire, CT offers investors the opportunity to acquire a fully leased medical office condominium in one of Central Connecticut’s most desirable communities. This ±2,350 SF Office/Retail condominium is 100% leased under a long-term triple-net (NNN) lease through 2035, delivering stable passive income with minimal landlord responsibility. Recently renovated and originally built in 2006, the property is in excellent condition and strategically positioned along one of Cheshire’s primary commercial corridors, benefiting from strong visibility and traffic counts of approximately 10,300 AADT. Investors will appreciate the current NOI of $45,979 and 3% annual rent escalations, providing built-in income growth over the lease term. The location also offers excellent regional connectivity with convenient access to I-691, I-84, and Route 10. Surrounded by an affluent market with a 10-minute population of 55,682 and median household income of $99,828, this offering combines dependable cash flow, a quality medical tenant, and a premier Cheshire location.

PROPERTY ALSO AVAILABLE AS PACKAGE DEAL WITH FULLY LEASED 72 PINE STREET, UNIT 1, BRISTOL, CT: 

PACKAGE ASKING PRICE: $1,088,210

Highlights

Fully Leased, NNN Long term Lease in place
Space in exceptional condition
Great location, strong visibility and access
Cap Rate: 7.99 %

Major Tenants

Tenant SF Occupied Lease End Date
Marc Craig General Dentistry
Recombinant Technologies
Rna Associates Of Cheshire
Sundara Massage & Wellness

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
9 min - 5.5 mi
10 min - 5.6 mi
AirportDriveWalkDistance
Tweed/New Haven 38 min - 23.3 mi
Bradley International 54 min - 36.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Bryan Atherton 203-209-3337 Atherton Real Estate Advisors LLC
Bryan Atherton 203-209-3337 Atherton Real Estate Advisors LLC