70 Heminway Park Rd, Watertown, CT 06795-2612

This exceptional investment opportunity presents a 4,140 square foot, single-story brick medical office building located at 70 Heminway Park Road, Watertown, CT 06795. Built in 1955 and situated on a 0.31-acre lot, the property boasts 19 parking spaces. The building has undergone recent renovations, including a new HVAC system, roof, front façade, and reception/waiting area. Currently leased to St. Mary's Hospital under a triple-net (NNN) lease for the past 13 years, this hands-off investment offers significant advantages. The tenant is responsible for all utilities, taxes, insurance, snow removal, landscaping, trash, and HVAC maintenance. The Watertown, CT office market is characterized by a low 2.8% vacancy rate (2.8% lower than the previous year), a total inventory of 220,000 square feet, and rising rental and cap rates. Conveniently located downtown, the property offers easy access to major roadways (US 6 and James H Darcey Memorial Highway) and is less than an hour from Hartford and New Haven. The area features a vibrant downtown with national retailers (Walgreens, Starbucks, Dunkin', Marshalls, etc.), excellent schools, and abundant outdoor recreational opportunities. This presents a stable, income-producing asset in a desirable and accessible location. Property tours are available by appointment only.