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    320 Kings Hwy E Fairfield, CT 06825

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    For Sale
    $3,913,043

    New 10-year NNN lease with corporate guarantee.

    Property size:
    6,568 SF
    Lot size:
    16.68 Acres

    Property Features for 320 Kings Hwy E

    General Information

    Size
    6,568 SF
    Lot size
    16.68 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

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

    Overview

    New CityMD NNN Investment

    This is an absolute triple-net (NNN) investment property with zero landlord responsibilities, making it an extremely passive investment. CityMD has signed a brand new 10-year lease at this location, fully guaranteed by the corporate entity, which operates over 150 locations across New York and New Jersey. CityMD is the largest urgent care company in the New York Metropolitan area. The property features brand new 2024 construction with a state-of-the-art buildout for CityMD, and the new lease includes attractive rental increases of 10% every 5 years, providing a strong hedge against inflation. The property is ideally located for an urgent care concept, benefiting from phenomenal population density and income levels. The surrounding area has well above-average household income figures and is very densely populated, with over 247,000 residents in a five-mile radius and an average household income of $101,650. CityMD is well-positioned within this market to take advantage of the above-average income levels and strong population density. The property size is 6,568 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Fairfield Family Dental ... Cosmetic Dentist Family Dental Group ... Dentist Advanced Neurotherapy LLC Biofeedback Therapist Dr. Michael Nishi Dentist Rose and Sophia Nails Nail Salon

    Suggested Use

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

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

    Similar Places Nearby

    CVS, CVS Pharmacy, Albion hancock pharmacy, Walgreens Pharmacy, COVID-19 Drive-thru Testing at Walgreens

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2284539
    Latitude
    41.1744872

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    FAQs

    What type of property is this?
    Drug store - New 10-year NNN lease with corporate guarantee.
    Where is this drug store located?
    The property is located at 320 Kings Hwy E Fairfield, CT.
    What is the asking price?
    The asking price for this property is $3,913,043.
    What are key features of this property?
    This property features: - Absolute Triple-Net (NNN) Investment with zero landlord responsibilities.; - Brand New 10-Year Lease with Full Corporate Guarantee from CityMD.; - **Brand New 2024 Construction with state of the art buildout.**
    (332) 345-2408
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    320 Kings Hwy E Fairfield, CT 06825
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    Fairfield, CT 06825
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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
    320 Kings Hwy E Fairfield, CT 06825
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