NNN Behavioral
For Sale
Contact for pricing
16 Germain St, Worcester, MA 01602
Behavioral residence backed by an absolute NNN lease with scheduled annual increases and renewal options.
Property SizeContact for details
Days on Market143
Property Features for 16 Germain St
General Information
Standard status
Active
Property subtype
Special Purpose
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Seth Richard · License #NY 10401275108
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 6:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This behavioral residence at 16 Germain Street is offered with a sale-leaseback structure and an absolute NNN lease. Closing is expected to include a 15-year lease, followed by three five-year extension options, with 3% annual increases. The property also received capital improvements between 2019 and 2020, along with new sprinklers installed in 2021.
The site is less than three miles from downtown Worcester and approximately nine minutes from Worcester Commuter Rail at Union Station. I-290 is located less than one mile away and connects with I-190. Within a five-mile radius, the property serves an area of 230,930 people. The location is also within two miles of Greendale Shopping Mall Redevelopment and Lincoln Plaza, with nearby tenants including Target, Stop & Shop, Home Depot, Lowe’s, and Dollar Tree.
The site is less than three miles from downtown Worcester and approximately nine minutes from Worcester Commuter Rail at Union Station. I-290 is located less than one mile away and connects with I-190. Within a five-mile radius, the property serves an area of 230,930 people. The location is also within two miles of Greendale Shopping Mall Redevelopment and Lincoln Plaza, with nearby tenants including Target, Stop & Shop, Home Depot, Lowe’s, and Dollar Tree.
Key Highlights
- Absolute NNN lease with a 15‑year term and three five‑year options
- 3% annual lease increases
- Capital improvements completed between 2019‑2020; new sprinklers added in 2021
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 01602, MA
25,382
Population
10,483
Households
2.4
Avg Household Size
39
Median Age
47%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
4,376
Density / Sq Mi
$94,351
Median Household Income
$47,259
Median Earnings
$1,471
Median Rent
$380,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - Behavioral residence backed by an absolute NNN lease with scheduled annual increases and renewal options.
Where is this nnn property located?
The property is located at 16 Germain St Worcester, MA.
What are key features of this property?
This property features: Absolute NNN lease with a 15‑year term and three five‑year options; 3% annual lease increases; Capital improvements completed between 2019‑2020; new sprinklers added in 2021
