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    1144 E Main St Torrington, CT 06790

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    For Sale
    $1,302,538

    NN leased medical office with upside potential in Torrington, CT.

    Property size:
    4,750 SF
    Lot size:
    0.55 Acres

    Property Features for 1144 E Main St

    General Information

    Size
    4,750 SF
    Lot size
    0.55 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Investment Opportunity

    This property features a newly signed 10-year NN lease with SightMD, offering minimal landlord responsibilities and net lease cash flow in a core Connecticut market. The location benefits from attractive real estate fundamentals, with 92,072 individuals residing within a ten-mile radius and an average household income of $105,994 within the same area. The lease includes above-market rental increases of 2% annually throughout the term and option periods. A brand new standalone Starbucks is located next door, serving as a major traffic driver. The lease is guaranteed by a financially strong and growing eyecare practice, SightMD, which has plans for further expansion throughout NYC, Westchester, Connecticut, Pennsylvania, and Long Island, with over 60 locations in the Northeast. The property includes a portion of the SightMD building that is currently vacant, presenting immediate upside potential for a new owner. The property contains 4,750 square feet and is located at 1144 E Main St, Torrington, CT.
    Insight Report Location Intelligence

    Current Use by Public Records

    American Dumpsters Dumpster Rental Service SightMD Connecticut Torrington Eye Care Center Shimy Apoorva, DO ... Ophthalmologist Reshma Manhar Patel Optometrist Richard Fichman, MD ... Ophthalmologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Torrington Animal Hospital Llc: Coggins Susan DVM, Torrington Animal Hospital Llc: Grasson Charlotte DVM, Torrington Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.0954659
    Latitude
    41.8148553

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    FAQs

    What type of property is this?
    Medical office - NN leased medical office with upside potential in Torrington, CT.
    Where is this medical office located?
    The property is located at 1144 E Main St Torrington, CT.
    What is the asking price?
    The asking price for this property is $1,302,538.
    What are key features of this property?
    This property features: - New 10-Year NN Lease Signed in 2021 (SightMD) with Extremely Minimal Landlord Responsibilities; - Financially Strong and Growing Eyecare Practice Guaranteeing the Lease; - Above Market Rental Increases: 2% Annually Throughout the Term
    (332) 345-2408
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    1144 E Main St Torrington, CT 06790
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    Torrington, CT 06790
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1144 E Main St Torrington, CT 06790
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