50 Whalon St - Medical FOR SALE


Fitchburg, MA 01420
$3,050,000 USD
312-327-5493
50 Whalon St, Fitchburg, MA for Sale
$3,050,000 USD
Medical - FOR SALE
1/7
null | 8% Cap Rate

50 Whalon St
Fitchburg, MA 01420


HIGHLIGHTS

  • Proximity – 40-minute drive north of Worcester, MA
  • Market Strength – Submarket vacancy rate of just 3.5%
  • Immediate Corridor – Located five doors down from Twin City Plaza Shopping Center, home to national tenants such as Hannaford and Planet Fitness
  • Traffic Counts – Whalon Street sees nearly 20,000 VPDs; the site is just 0.3 miles from US Route 13 (otherwise known as George W. Stanton Highway) wit

OVERVIEW

Tenancy – Simply Pediatric Dentistry and Orthodontics, First Class Hair Design, Green Meadows Cannabis Fitchburg Dispensary Fully Leased with WALT of 7.33 Years Two of the Three Tenants Recently Exercised Their Five-Year Renewal Options Three Years Early (as of April 2025) All Tenants Funded Their own Suite Buildouts at Significant Costs True Triple-Net (NNN) Leases with all Expenses Including CAM, HVAC, Roof/Structure, and Management Fee are Reimbursed by the Tenants in Place Submarket Vacancy Rate of just 3.5 Percent

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

50 Whalon St., Fitchburg, MA

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

commercial

APN/PARCEL ID

FITC-000202-000101

ASK ABOUT THIS PROPERTY

Megan SullivanMarcus & MillichapMore Info
312-327-5493

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Megan SullivanMarcus & MillichapMore Info
312-327-5493

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.