Building Details

Buildings 1

Tenancy Single

Listing Agency: Marcus & Millichap - Boston a***@marcusmillichap.com Show Phone

Listed By: Adam Cohen · License #MA 9551336

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 2:37AM

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Investment Insights

Based on property information with market context.

This 5,901-square-foot healthcare building occupies a 0.69-acre site with 29 parking spaces. The property is leased on a corporate-backed NNN basis, with Steward Medical Group providing the lease guarantee. Six years remain on the current term, which includes 2% annual rent escalations and two five-year extension options.

Located at 106 New State Hwy in Raynham, the property fronts US Route 44, a corridor carrying more than 28,000 vehicles per day. The surrounding commercial area includes Stop & Shop, Walgreens, CVS, and Dunkin. The site is 0.25 miles from the Raynham/Taunton border, while the five-mile trade area includes more than 79,000 residents and average household income equal to 1.6 times the national average.

Key Highlights

• 5,901‑square‑foot healthcare building on a 0.69‑acre site
• Corporate‑backed NNN lease guaranteed by Steward Medical Group
• Six years remaining with 2% annual rent escalations

Property Analytics

Property Profile

Current Use

Health Express Raynham Medical Clinic Dr. James Hinchey Physician

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service (Bike/Boat/Book/etc) Store Garden Center

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

Lease Details

28,000 VPD

Traffic count

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

467

Businesses Nearby

Explore this area Business Placement

Demographics for 02767, MA

15,376

Population

6,089

Households

2.5

Avg Household Size

43

Median Age

41%

College-Educated

91%

High-School Grad

24.8 sq mi

ZIP Area

620

Density / Sq Mi

$119,550

Median Household Income

$64,676

Median Earnings

$1,671

Median Rent

$507,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

NNN property - Healthcare building with on-site parking and a corporate-guaranteed lease.

Where is this nnn property located?

The property is located at 106 New State Hwy Raynham, MA.

What are key features of this property?

This property features: 5,901‑square‑foot healthcare building on a 0.69‑acre site; Corporate‑backed NNN lease guaranteed by Steward Medical Group; Six years remaining with 2% annual rent escalations