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1090 Meriden Waterbury Tpke 2,350 SF Office/Medical Condo Unit Offered at $797,165 CAD in Cheshire, CT 06410
Investment Highlights
- Fully Leased, NNN Long term Lease in place
- Great location, strong visibility and access
- Space in exceptional condition
Executive Summary
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
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.99% |
| Sale Type | Investment |
| Cap Rate | 7.99% |
- 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
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 4 | 2,350 SF | Office/Medical | $797,165 CAD ($339.22 CAD/SF) | $63,690.57 CAD |
Unit 4
| Unit Size |
| 2,350 SF |
| Condo Use |
| Office/Medical |
| Price |
| $797,165 CAD ($339.22 CAD/SF) |
| NOI |
| $63,690.57 CAD |
Unit 4
| Unit Size | 2,350 SF |
| Condo Use | Office/Medical |
| Price | $797,165 CAD ($339.22 CAD/SF) |
| NOI | $63,690.57 CAD |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| 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 |
Property Facts
| Total Building Size | 2,350 SF | Typical Floor Size | 2,350 SF |
| Property Type | Office (Condo) | Year Built | 2006 |
| Property Subtype | Medical | Lot Size | 1.36 AC |
| Building Class | B | Parking Ratio | 21.28/1,000 SF |
| Floors | 1 | ||
| Zoning | C-3 - Commercial and Professional Use | ||
| Total Building Size | 2,350 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 2,350 SF |
| Year Built | 2006 |
| Lot Size | 1.36 AC |
| Parking Ratio | 21.28/1,000 SF |
| Zoning | C-3 - Commercial and Professional Use |
Amenities
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1090 Meriden Waterbury Tpke
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