For Sale
$2,792,962

209 Highland Ave Waterbury, CT 06708

High-yield, corporate-guaranteed medical office building.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 14,000 square foot medical office building located at 209 Highland Ave, Waterbury, CT 06708. The property is currently leased to DaVita Dialysis, a Fortune 500 company and leading provider of kidney care, under an absolute NNN lease with a remaining term of 6.2 years and two 5-year options. The lease commenced April 30, 1996, and expires December 31, 2030. The lease features a strong corporate guarantee and annual rent increases of 2%. The property boasts a current NOI of $185,732, resulting in a compelling 6.65% cap rate and an asking price of $2,792,962. Built in 1998, this strategically located asset benefits from a dense urban population

Highlights

  • 6.25 years remaining on a corporate-guaranteed NNN lease with DaVita Dialysis, a Fortune 500 company.
  • DaVita operates over 3,000 outpatient dialysis centers nationwide.
  • Investment in an essential business, healthcare, relatively unaffected by economic downturns.
  • Lease includes 2% annual rent increases for the remaining term and two 5-year options.
  • DaVita has occupied the property since 1997, recently renewing their lease early.
  • Property is located less than a mile from Waterbury Hospital and 1.5 miles from Saint Mary's Hospital.

Property Details for 209 Highland Ave

Property type
Retail properties, Office properties
Square Feet
14,000 SF
Year Built
1998

Location Insight

City
Waterbury
County
New Haven
State
Connecticut
Latitude
41.5516903
Longitude
-73.0571029

FAQs

What type of property is this?
Retail property - High-yield, corporate-guaranteed medical office building.
Where is the retail property located?
The property is located at 209 Highland Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $2,792,962.
What are key features of this property?
This property features: 6.25 years remaining on a corporate-guaranteed NNN lease with DaVita Dialysis, a Fortune 500 company.; DaVita operates over 3,000 outpatient dialysis centers nationwide.; Investment in an essential business, healthcare, relatively unaffected by economic downturns.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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209 Highland Ave
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