15 Pleasant Vly Rd Sutton, MA 01590-2970

Property Details for 15 Pleasant Vly Rd

Year built

1970

Construction

STEEL FRAME

Lot size

1.25 lot acres

Property size

2,560 SF

Zone code

B2

Property type

Commercial land

APN

SUTT M:0010 P:93

APU

SUTTM0010P93

Description

This exceptional investment opportunity presents a fee-simple ownership of a 5,148 square foot, single-story urgent care facility in Sutton, Massachusetts. ConvenientMD, a rapidly growing urgent care provider with 47 locations across three states, occupies the property under a 15-year absolute NNN lease commencing August 15, 2024, and expiring August 31, 2039. The lease includes five, five-year renewal options with attractive 10% rent increases every five years, providing a built-in hedge against inflation. The property boasts a 6.00% cap rate and a strong net operating income (NOI) of $391,248. Situated on a 1.25-acre lot at the intersection of Pleasant Valley Road and MA Route 146, the property benefits from exceptional visibility and access, adjacent to a major regional shopping center anchored by a large grocery store and other national retailers. The location is strategically positioned within a thriving commercial corridor, just 8 miles from downtown Worcester and 4.5 miles from Interstate 90. The property's proximity to a significant employer, UN1F1ED2 Global Packaging Group, further enhances its appeal. With a 100% occupancy rate and a corporate guarantee, this investment offers exceptional stability and growth potential in a recession-resistant industry. The strong demographics of the area, with over 19,200 people within a 3-mile radius and an average household income exceeding $164,000, further solidify this investment's long-term value. This is a truly passive investment opportunity with no landlord responsibilities.

Location Insight

City

Sutton

County

Worcester

State

Massachusetts

Longitude

-71.7357

Latitude

42.1605

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments