Three-Tenant Medical Office
For Sale
Contact for pricing
860 N Main St Ext, Wallingford, CT 06492
Medical office property leased to three established healthcare tenants with annual rental increases throughout the base term.
Property Size32,201 SF
Price / SF$111.33
Days on Market62
Property Features for 860 N Main St Ext
General Information
Standard status
Active
Size
32,201 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Northmarq | Baltimore
(918) 794-9523
Listed By:
Ryan Butler
(918) 794-9523
Source:
Moodyscre
Added: Jun 8
Changed: Jul 30
Last Checked: Aug 8 at 1:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq | Baltimore
Investment Insights
Based on property information with market context.
This medical office building is leased to three established tenants: InBloom Autism Services, Lumibility, and Physical Therapy & Sports Medicine Centers. The leases include annual rental increases throughout the base term and during the option periods, and the average weighted lease term remaining is 6 years and 7 months.
The property is located in Wallingford’s primary commercial corridor at the intersection of N Main St Ext and Barnes Rd. The remarks cite 8,000+ VPD on N Main St Ext and 18,200+ VPD on Barnes Rd. Nearby national tenants listed include Stop & Shop, ShopRite, Walmart, Taco Bell, Smoothie King, Burger King, Bank of America, TD Bank, and Advance Auto Parts.
With a property size of 32,201 SF, the site is positioned between New Haven (about 25 minutes) and Hartford (about 28 minutes), and is approximately 5 minutes from I-91 (80,600+ VPD).
The property is located in Wallingford’s primary commercial corridor at the intersection of N Main St Ext and Barnes Rd. The remarks cite 8,000+ VPD on N Main St Ext and 18,200+ VPD on Barnes Rd. Nearby national tenants listed include Stop & Shop, ShopRite, Walmart, Taco Bell, Smoothie King, Burger King, Bank of America, TD Bank, and Advance Auto Parts.
With a property size of 32,201 SF, the site is positioned between New Haven (about 25 minutes) and Hartford (about 28 minutes), and is approximately 5 minutes from I-91 (80,600+ VPD).
Key Highlights
- Leased to three established healthcare tenants: InBloom Autism Services, Lumibility, and Physical Therapy & Sports Medicine Centers
- Average weighted lease term remaining of 6 years and 7 months
- Annual rental increases in each tenant lease throughout the base term and option periods
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06492, CT
44,606
Population
19,603
Households
2.3
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
1,121
Density / Sq Mi
$101,757
Median Household Income
$57,977
Median Earnings
$1,346
Median Rent
$328,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property leased to three established healthcare tenants with annual rental increases throughout the base term.
Where is this medical office space located?
The property is located at 860 N Main St Ext Wallingford, CT.
What is the asking price?
The asking price for this property is $3,585,000.
What are key features of this property?
This property features: Leased to three established healthcare tenants: InBloom Autism Services, Lumibility, and Physical Therapy & Sports Medicine Centers; Average weighted lease term remaining of 6 years and 7 months; Annual rental increases in each tenant lease throughout the base term and option periods
