70 Heminway Park Rd Watertown, CT 06795

This exceptional investment opportunity presents a 4,140 square foot, single-story brick medical office building located at 70 Heminway Park Road, Watertown, CT. Built in 1955 and situated on a 0.31-acre lot, the property boasts 19 parking spaces. The building has undergone recent renovations, including a new HVAC system, roof, front facade, reception area, and waiting area. Currently leased to St. Mary's Hospital under a triple-net (NNN) lease for the past 13 years, this is a truly hands-off investment. The tenant is responsible for all operating expenses, including utilities, taxes, insurance, snow removal, landscaping, trash removal, and HVAC maintenance. This presents a stable and predictable income stream for the owner. The property benefits from its location in Watertown, CT, a thriving market with a total office inventory of 220,000 square feet and a remarkably low vacancy rate of 2.8% – a significant 2.8% decrease year-over-year. Rent and capitalization rates are currently on the rise in this area. Watertown's convenient location, less than an hour from Hartford and New Haven, adds to its appeal. The town actively supports both new and existing businesses, ensuring a strong and stable economic environment. This turnkey investment offers a compelling opportunity for passive income generation in a desirable and growing market. The asking price is $760,000.