ConvenientMD
5,148 SF | 100% Leased | Retail Building | Sutton, MA 01590 | $6,520,800 ($1,267/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,520,800
- Property Type
-
Retail
- Square Feet
- 5,148 SF
- Price / Square Foot
- $1,267
Listing Contacts
Todd Tremblay
Verified Profile
Robert Horvath
Verified Profile
- Property Info
Property Overview
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction, stand-alone ConvenientMD investment property located at 15 Pleasant Valley Road in Sutton, Massachusetts (the “Property”). ConvenientMD has a 15-year Absolute NNN lease with five (5), 5-year renewal options and an anticipated opening date of August 15, 2024. The lease includes 10% rental increases every five years throughout the initial term and renewal options. ConvenientMD is extremely well located at the intersection of Pleasant Valley Road and Worcester Providence Turnpike (MA Route 146), the area’s primary commercial and commuter corridor. The Property benefits from outstanding visibility, frontage and access and is positioned adjacent to the primary entrance to Pleasant Valley Crossing, a large new construction regional shopping center anchored by Market 32 (regional grocery store) and home to Fresenius, Starbucks, Five Guys and Verizon. The property is positioned at the commercial center of Sutton and is seconds from the area’s national and local retailers and restaurants. The Property is 4.5-miles from Interstate 90 (Massachusetts Turnpike) and 8-miles from downtown Worcester, the area’s commercial, financial, and medical hub. ConvenientMD is a growing presence in the rapidly expanding urgent care industry with 47 locations throughout Massachusetts, New Hampshire, and Maine with several additional locations in the development pipeline.
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Lot Size (sq. ft)
- 54,450 SF
Highlights
- Long Term Lease
- Attractive Rent Increases
- Zero Management Responsibilities
- Strong Operator
- Strategic Location
- Recession & E-Commerce Resistant Tenant
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