ConvenientMD | 15 Pleasant Valley Rd
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ConvenientMD 15 Pleasant Valley Rd
5,148 SF Retail Building Sutton, MA 01590 $6,520,800 ($1,267/SF) 6% Cap Rate
Investment Highlights
- Long Term Lease
- Zero Management Responsibilities
- Strategic Location
- Attractive Rent Increases
- Strong Operator
- Recession & E-Commerce Resistant Tenant
Executive Summary
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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,148 SF
Building Class
C
Year Built
2024
Price
$6,520,800
Price Per SF
$1,267
Cap Rate
6%
NOI
$391,248
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.25 AC
Zoning
B2 - Business district
Parking
20 Spaces (6.58 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- ConvenientMD
- -
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
ConvenientMD | - | - | - | - |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | SUTT-000010-000000-000093 | Improvements Assessment | $0 |
Land Assessment | $220,900 | Total Assessment | $220,900 |
PROPERTY TAXES
Parcel Number
SUTT-000010-000000-000093
Land Assessment
$220,900
Improvements Assessment
$0
Total Assessment
$220,900
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ConvenientMD | 15 Pleasant Valley Rd
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