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70 Heminway Park RdWatertown, CT 06795

NNN-Leased Medical Office, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • NNN-Leased Medical Office Building in Watertown, CT.
  • 4,140 SF single-story building on a 0.31-acre lot with 19 parking spaces.
  • Recently renovated with new HVAC, roof, façade, reception, and waiting area.
  • 13-year lease with St. Mary's Hospital; tenant pays all NNN expenses (taxes, insurance, utilities, maintenance).
  • Strong Watertown, CT market with low vacancy (2.8%) and rising rental rates.

Property Details for 70 Heminway Park Rd

Property type
Office properties, Medical offices

Location Insight

City
Watertown
County
Litchfield
State
Connecticut
Latitude
41.6037002
Longitude
-73.1161755
70 Heminway Park Rd, Watertown, Connecticut

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70 Heminway Park Rd
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