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72 Pine St
Bristol, CT 06010 Bristol/Plainville

$512,727 USD

Medical Condo For Sale  •  2,350 SF

Property Details

  • Property Type Medical
  • Total Building Size 7,000 SF
  • Lot Size 1.5 AC
  • Building Class B
  • Year Built 2009
  • Cap Rate 8.52 %
  • Tenancy Multiple
  • Zoning BHC
30 Transit Score
40 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit A Medical Office 2,350 SF $512,727 USD
  • Unit Size: 2,350 SF
  • Condo Use: Medical Office
  • Price: $512,727 USD
  • Sale Type: Investment
  • Price/SF: $218.18 USD
Description
Fully Leased medical office condominium, in exceptional condition with strong location.

Sale Notes
- 100% Leased, Long-Term NNN Structure – Fully leased through 2035, providing passive income with minimal landlord responsibilities
- Attractive Current Income – $43,659 NOI in the current year
- Built-In Rent Growth – 3.00% annual escalations protect income against inflation over the lease term
- Recently Renovated Asset – Built in 2009 and fully remodeled in the past few years
- Established Medical Office Corridor – Located within a well-established medical and professional office corridor, surrounded by residential neighborhoods, healthcare providers, and neighborhood retail
- Strong Traffic Counts – ±22,300 AADT supports visibility and tenant exposure
- Convenient Regional Access – Easy access to Routes 6 and 72
- Dense, Established Trade Area – 59,744 population and 31,848 employees within a 10-minute drive
- Solid Demographics – 10-minute drive trade area boasts $75,848 median household income and $308,596 median home value
- Condominium Structure – Simplified ownership with reduced landlord obligations

Description 

72 Pine Street, Unit A, Bristol, CT presents an exceptional net-leased investment opportunity in a well-established medical and professional office corridor. This fully leased medical office condominium is occupied on a long-term 100% triple-net lease through 2035, delivering stable passive income with minimal landlord responsibility. Containing approximately 2,350 square feet, the property was originally built in 2009 and renovated/updated in the past few years, offering investors a modern, well-maintained asset in excellent condition. The current NOI is $43,659 with 3% annual rent escalations, creating built-in income growth over the lease term. Strategically positioned with convenient access to Routes 6 and 72 and exposure to approximately 22,300 vehicles per day, the property benefits from strong surrounding demographics, established healthcare demand, and a supportive mix of nearby residential neighborhoods and neighborhood retail. Offered at $512,727, this is an attractive opportunity to acquire a turnkey medical office investment with long-term tenancy, predictable cash flow, and upside through contractual rent growth.

PROPERTY ALSO AVAILABLE AS PACKAGE DEAL WITH FULLY LEASED 1090 Meriden Waterbury Turnpike, Unit 4, Cheshire, CT: 

PACKAGE ASKING PRICE: $1,088,210

Highlights

Long Term NNN Lease in Place
Great Location with strong accessibility and visibility
Excellent Condition
Cap Rate: 8.52 %

Major Tenants

Tenant SF Occupied Lease End Date
Bristol Hearing Aids
Fyzical Therapy And Balance Centers
Glenn S. Gart, Md.
La France Medical Aesthetics
PTC Realty
Ptc Rlty Llc

Public Transportation

Commuter RailDriveWalkDistance
15 min - 9.4 mi
15 min - 9.4 mi
AirportDriveWalkDistance
Bradley International 54 min - 30.4 mi
Tweed/New Haven 47 min - 31.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
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