320 Kings Hwy E, Fairfield, CT 06825
- Showrooms
- 6,062 SF
- 0.31 lot acres
Current Use by Public Records
- Fairfield Family Dental Group / Dental Office
- Family Dental Group of Fairfield / Dental Office
- Advanced Neurotherapy LLC / Physician / Alternative Medicine Practice
- Dr. Michael Nishi / Dental Office
- Rose and Sophia Nails / Nail Salon
Property Details for 320 Kings Hwy E
- Year built
- 1960
- Construction
- FRAME
- Lot size
- 0.31 lot acres
- Zone code
- DCD
- Property type
- Showrooms
- APN
- FAIR M:40 B:337
- APU
- FAIRM40B337
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 21, 2023 | $1,400,000 | 320 Fairfield Partners Ll | Kingsway Corners LLC | Warranty Deed | $1.5M · Fairfield County Bank |
| Sep 27, 2016 | — | 320 Kings Hwy Cutoff L | — | Deed · related | $250k · M&t Bank NA |
| Dec 28, 2011 | $1 | Thomas Haley | Redeker,james | Grant Deed · related | — |
| Jan 20, 2009 | — | Kings Highway Cutoff LLC | — | Deed Of Trust · related | $34k · First Pioneer Farm Credit Aca |
| Jun 15, 2004 | — | Kingsway Crnrs LLC | — | Deed Of Trust · related | $493k · Elnise Epstein |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,370,000
- ML approach
- $1,370,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,461,000
Market price range: $936k - $3.16M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.2285
- Latitude
- 41.1745
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
