21 Frst St New Canaan, CT 06840-4755

This exceptional Class A, 4,375-square-foot storefront at 21 Forest Street in New Canaan, Connecticut, presents a compelling investment opportunity. Located within the prestigious Heritage Square development (built in 2016), this commercial condominium unit boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $161,081 and a 6.50% capitalization rate. The property is currently leased to two established tenants, House of Telos and Look New Canaan, under long-term triple-net (NNN) leases, ensuring consistent cash flow. The building features 15 parking spaces for tenant and customer convenience. Situated in a vibrant downtown location, this property benefits from high foot traffic and proximity to numerous restaurants and shops, including Green & Tonic, Hashi Sushi, Cava Wine Bar, Athletic Shoe Factory, and Mattress Firm. Its convenient location is also a short walk from Elm Street and the Metro-North train station. The property is zoned for Business A use and offers a rare opportunity to acquire a high-performing retail asset in a desirable New Canaan location. The asking price is $2,495,000.