Nuvance Health
Net Lease
33 Hospital Avenue, Danbury, Connecticut
Ownership Type:
Fee Simple
Lease Expiration Date:
Approx. 11.5 years
Renewal Options:
2x5 Years Options
Building Sq. Ft.:
11,381 SF
Rent Increases:
2% Annual Increases in Base & Options
Investment Highlights
- Long-Term Lease with Stable Cash Flow: Firm base term extending through 2037, offering predictable income increasing 2% annually throughout the duration of the lease.
- High Acuity Neuroscience and Surgical Care Facility: The property is occupied by The Neuroscience Institute at Nuvance Health, a specialized medical practice delivering advanced neurosurgical and spine care for complex neurological conditions. The facility supports high acuity / surgical services, including minimally invasive brain and spine procedures, treatment of brain and spinal tumors, and coordinated care alongside hospital based specialists.
- Irreplaceable Hospital Adjacent Location: Situated directly across from Danbury Hospital, the region’s primary acute care hospital, and positioned within an established medical campus that reflects sustained healthcare demand.
- Strong Regional Healthcare Demand and Market Fundamentals: The property is located within Danbury’s primary healthcare and employment corridor, serving a regional trade area of more than 400,000 residents across Western Connecticut and neighboring New York. The market supports over $400 million in annual healthcare spending and is anchored by major hospital, outpatient, and specialty providers, creating sustained demand for high acuity and ambulatory medical services. Limited new medical development with strong demographic trends continue to reinforce Danbury’s position as the dominant healthcare hub in the region.
- Operationally irreplaceable to Northwell-Nuvance Health System: 100% Occupied by Nuvance Health Medical Practice CT, Inc. (Guarantor) a $400MM+ annual revenue physician practice platform with approx. 56 locations & 176,000+ patients, fully integrated into Northwell-Nuvance Health System through a binding sole corporate member structure. The tenant is mission critical to the adjacent Danbury Hospital campus and the broader Western Connecticut network, making ongoing operational and financial support from the A-rated parent a strategic and economic necessity.
Ownership Type:
Fee Simple
Lease Expiration Date:
Approx. 11.5 years
Renewal Options:
2x5 Years Options
Building Sq. Ft.:
11,381 SF
Rent Increases:
2% Annual Increases in Base & Options
