190 Fremont St Worcester, MA 01603

Property Details for 190 Fremont St

Year built

1960

Lot size

0.41 lot acres

Property size

7,200 SF

Property type

Medical offices

Description

This exceptional 7,200 square foot medical office building in Worcester, MA, presents a compelling core investment opportunity. Situated on a 0.41-acre lot at 190 Fremont St, this single-tenant, Class C property boasts a long-term lease with a well-established, multi-state healthcare franchisee (Brightview). The building, constructed in 1960 and recently renovated to the tenant's specifications at their expense, is a durable brick/masonry and steel structure. The 3-story building features 20 parking spaces and is fully accessible on the ground and first floors, each equipped with galley kitchenettes and bathrooms. The property benefits from a proven rental history and a lease that includes rent bumps. Zoned BL-1, this investment offers significant long-term stability, enhanced by the tenant's successful track record and the landlord's proactive securing of municipal approvals for Substance Abuse Recovery Treatment. This stand-alone building represents a low-maintenance, high-return investment in a desirable location. The property's strong tenant and lease terms, coupled with its recent renovations, make it an attractive opportunity for discerning investors seeking a stable, cash-flowing asset.