215K NOI | Anchored by National Tenant Optum Healthcare owned by UnitedHealth Group

UnitedHealth Group Incorporated is an American multinational health insurance and services company based in Minnetonka, Minnesota. Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's eleventh-largest company by revenue and the largest health care company by revenue.

The company is ranked 10th on the 2023 Fortune Global 500. UnitedHealth Group had a market capitalization of $477.4 billion as of August 7, 2023.

546 Cromwell Avenue is an excellently positioned 10,384-square-foot medical office located within Rocky Hill, Connecticut, a town in the Greater Hartford metropolitan statical area. Built in 1993, this two-story medical property is ideally situated over a 0.91-acre lot with ample on-site surface parking. The multi-tenant property is home to synergetic healthcare tenants and is encircled by similar businesses, drawing demand to the area.  
 
546 Cromwell Avenue boasts optimum accessibility as it is conveniently located less than a mile from Interstate 91, providing direct access to Downtown Hartford via a 12-minute commute. Tenants and their visitors can appreciate the ease of navigating to nearby amenities, including numerous nationally renowned retailers within a 3-mile radius. Encompassing this property are household-named businesses Target, Walmart Supercenter, Sam’s Club, Aldi, Lowe’s, Stop & Shop, and Planet Fitness. Quick eats and a cup of coffee can be found within this surrounding mileage from the close by Starbucks, Chick-fil-A, Cava, Dunkin’, McDonald’s, Wendy’s, and more.

The property benefits from its encircling demographics as it is centralized by an affluent community where the average household income is more than $125,000 within a 2-mile radius. These established residents live in 67% owner-occupied households and have a median age range of 43 to 44 years.

The acquisition of 546 Cromwell Avenue is a brilliant investment opportunity boasting a sought-after NOI. Investors can acquire this low-maintenance asset as a profitable addition to their portfolio and generate long-term upside through consistent rent escalations. Optum Health Care has occupied this building since 2O13.

Property tours are available by appointment only. Please contact the broker to schedule.