320 Kings Hwy E Fairfield, CT 06825

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.