486 Straits Tpke - Medical FOR SALE
Watertown, CT 06795 |
$6,849,000 USD
404-459-6240
486 Straits Tpke
Watertown, CT 06795
HIGHLIGHTS
- Trinity Health has 7.2 Years Remaining on the 8 Year Triple Net (NNN) Lease with Two (2) Five (5) Year Options Periods
- Corporately Guaranteed By Trinity Health of New England Corporation, Inc.
- Strong National Brand - Trinity Health Operates 92 Hospitals in 22 States, Including 120 Continuing Care Locations, and Employs Over 120,000 People
- Trinity Health Surpassed Over $23 Billion in Revenue For FY24
- 2% Rent Bumps Annually Provide Strong Hedge Against Inflation
- The Next Rent Increase Takes Place in May 2025 Bringing the Total Rent to $476,978
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 14,988 SF Trinity Health Center Located at 486 Straits Turnpike in Watertown, CT. This Deal Includes a 7.2 Years Remaining on an 8-Year Triple Net (NNN) Lease and Corporately Guaranteed By Trinity Health of New England Corporation, Inc, Providing For a Secured Investment.
BoR: Andrew Ackerman - Lic. CT #REB.0792529
FOR SALE DETAILS
PRICE
$6,849,000 USD
PRICE/SF
$457 USD /SF
CAP RATE
6.96%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Trinity Health Center - Watertown, CT
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Office/Residential
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.2 AC
LAND SF
139,392 SF
ZONING
-
APN/PARCEL ID
WATE-000152-000256-000004
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404-459-6240
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404-459-6240
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