Listed by The Jonna Group at Colliers International
$790,000
Trinity Health New England
Details
APN HTFD M:207 B:644 L:020
Property Type Office, Industrial
Sub Type Flex
Square Footage 5,148
Cap Rate 7.33%
NOI $57,902
Tenancy Single
Brand/Tenant Trinity Health of New England
Lease Type NNN
Lease Term 7
Remaining Term 6.2
Lease Options (2) 5-Year Options
Year Built 1986
Buildings 1
Acreage 0.230
Zoning MS-3 Zoning
Parking Spaces 20 spaces
Parking Per SqFt 3.89
Rent Commencement 01/31/2024
Ceiling Height 17 Ft. High Ceilings
Loading Docks 2
Medical Office | 7.33% CAP | 5,148 SF | 2.25% Rent Bumps
Marketing description
Introducing an exceptional investment opportunity with premier medical tenant. This property boasts a NEW 7-year NNN lease with an investment-grade tenant rated AA- by Fitch, ensuring stability and profit.
Investment highlights
- Investment: New 7-year NNN Lease through 2031. 100% Occupied. 2.25% Annual Rent Bumps.
- Stable Tenant: Investment Grade Tenant - Rated AA- (Fitch) with corporate guarantee
- Prime Location: Situated in the Barry Square neighborhood, it is minutes away from major highways and steps from Trinity College, ensuring high visibility and accessibility.
- Spacious Layout: 5,148 sq, ft. of space in a two-story brick building, offering ample room for various commercial uses.
- Value-Add Potential: Located in a growing area with increasing property values, this property offers significant appreciation potential.
- Demographics: 257k PPL and $106k+ HHI (5 Mile)
- Property category net leased industrial/medical
- Tenant trinity health of new England
- Rent increases yes 2.25% annual
- Guarantor n/a
- Lease type NNN
- Rent commencement February 1s t 2024
- Rent expiration January 31s t 2031
- Original lease term 7 years term
- Remaining 6.2 years
- Renewal options (2) 5-year
- Options landlord responsibility structure & roof
- Tenant responsibility NNN
Listing Contacts
Listed by The Jonna Group at Colliers International
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,902.00
$4,825.17/mo
Valuation Metrics
0
DSCR
7.33%
Cap Rate
7.33%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
