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    320 Kings Hwy Fairfield, CT 06825

    Sponsored
    For Sale
    $3,913,043

    High-yield NNN lease, prime location.

    Property size:
    6,568 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 6,568 square-foot CityMD urgent care facility located at 320 Kings Hwy E, Fairfield, CT 06825. The property sits on a 0.31-acre lot and boasts a 10-year triple-net (NNN) lease commencing September 30, 2024, and expiring September 30, 2034, with a remaining term of 9.9 years. The current annual net operating income (NOI) is $225,000, representing a 5.75% cap rate and a price per square foot of $595.77. The lease includes a corporate guarantee from CityMD, a leading urgent care provider with over 150 locations. The property underwent a complete renovation in 2024, ensuring modern, state-of-the-art facilities. The lease features attractive rental increases of 10% every five years, providing a strong hedge against inflation. This investment benefits from the exceptional demographics of Fairfield County, Connecticut, with a high average household income ($101,650) and a dense population exceeding 247,000 residents within a five-mile radius. The property's location and tenant strength make this a compelling investment opportunity with significant long-term potential. The asking price is $3,913,043. This is a 100% occupied, single-tenant property. The building was originally constructed in 2003.

    Property Features for 320 Kings Hwy

    General Information

    Property type
    Medical space
    Square Feet
    6,568 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built/Renovated
    2003/2024

    HighLights

    • Triple‑Net (NNN) Lease: Zero landlord responsibilities.
    • New 10‑Year Lease with Corporate Guarantee: CityMD, a major urgent care provider, signed a new 10‑year lease with corporate guarantee.
    • New Construction with Rental Increases: Brand new building with 10% rental increases every 5 years.
    • Excellent Location: High‑density area (247,000+ residents within 5 miles) with above‑average household income ($101,650 AHHI).
    Property Profile 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.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.228663
    Latitude
    41.1744248

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    FAQs

    What type of property is this?
    Medical space - High-yield NNN lease, prime location.
    Where is this medical space located?
    The property is located at 320 Kings Hwy 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: Triple-Net (NNN) Lease: Zero landlord responsibilities.; New 10-Year Lease with Corporate Guarantee: CityMD, a major urgent care provider, signed a new 10-year lease with corporate guarantee.; New Construction with Rental Increases: Brand new building with 10% rental increases every 5 years.
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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 Fairfield, CT 06825
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