763 Scotland Rd Norwich, CT 06360-9403

This exceptional investment opportunity presents a fee-simple 10,719 square foot medical office building in Norwich, Connecticut, currently leased to Destination Pet, a leading national operator of pet service facilities with over 150 locations across 30 states. The property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $152,000. The current lease, structured as a triple-net (NNN) lease, features a remaining term of 8.3 years with four or five-year renewal options, ensuring long-term stability and predictable cash flow. Annual rent bumps of 3% further enhance the investment's return. The property is strategically located on Scotland Road in Norwich, near Interstate 395, providing excellent accessibility. Norwich itself offers a stable population, robust municipal services, and a positive outlook for future growth. The property's location minimizes landlord responsibilities, creating a passive investment opportunity. The asking price is $2,096,552, translating to a price per square foot of $195.59. Note that an additional income-producing residential component is situated on the property. This presents a unique opportunity for investors seeking a stable, high-yield investment with significant long-term potential in a desirable location.