Listing Agency: Regions Commercial, LLC Show Phone

Listed By: Michael Guidicelli, CCIM, SIOR Show Phone

Source: Moodyscre

Added: Apr 2, 2024 Changed: Aug 15 Last Checked: Sep 13 at 7:35AM

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Investment Insights

Based on property information with market context.

This property is a 4,000 square foot office building. It is currently under a single-tenant NNN lease with Companions and Homemakers, Inc., with 5.5 years remaining on the lease.

Key Highlights

• Single‑tenant NNN lease provides a passive income stream.
• Lease term of 5.5 years remaining offers stable, predictable income.
• Tenant is Companions and Homemakers, Inc.

Property Analytics

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Current Use

Companions & Homemakers, Inc. Home Health Care Service

Suggested Use

Top Pick Real Estate Agency Bakery Skin Care Clinic HVAC Service Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

858

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Single-tenant NNN lease with 5.5 years remaining.

Where is this office building located?

The property is located at 1 Washington St Norwich, CT.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Single‑tenant NNN lease provides a passive income stream.; Lease term of 5.5 years remaining offers stable, predictable income.; Tenant is Companions and Homemakers, Inc.