30 Main St Medford, MA 02155
- Specialty properties
- 1,318 SF
Current Use by Public Records
- Medford Square Dental / Dental Clinic
- Dr. Nanette C. Demonteverde, DMD / Dentist
- Medford Square Dental: Zizza Jr Vincent J DDS / Dentist
- Dr. Meenal Kaur, DMD / Dentist
- Correa Adrian J DDS / Dentist
Property Details for 30 Main St
- Property size
- 1,318 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 1,318-square-foot Class A medical office condominium located at 30 Main Street, Medford, MA 02155. Currently 100% occupied by a franchisee dental practice under a Net Lease agreement with a remaining term of approximately 6.8 years (expiring August 30, 2031), this single-tenant property boasts a strong Net Operating Income (NOI) of $46,560. The property underwent renovations in 2021 and includes one parking space. The lease, initiated August 31, 2021, includes a significant 13% rent increase scheduled for September 2026, further enhancing the investment's potential. The tenant, Medford Square Dentistry, recently exercised a 5-year lease option, demonstrating commitment to the location. Situated in the heart of Medford, just four miles from Boston, this property benefits from excellent accessibility via I-93 and a strong demographic profile within a three-mile radius, including a population of 295,288 residents with an average household income of $167,000. This stabilized investment, ideal for a 1031 exchange, offers a compelling combination of strong cash flow, tenant stability, and significant upside potential. The asking price is $765,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.11
- Latitude
- 42.4178
