40 Davis StraitsFalmouth, MA 02540

This exceptional 5,099 square foot Class A medical office building in Falmouth, MA, presents a compelling investment opportunity. Situated on a 0.72-acre lot at 40 Davis Straits, this property boasts a prime location on Route 28, a major thoroughfare with high visibility and traffic volume (14,657 vehicles per day). The building is 100% occupied by ConvenientMD, a leading New England urgent care provider, under a 15-year absolute NNN lease (commencing November 6, 2018) with 9.5 years remaining. The lease includes four five-year renewal options, each with an 11% rent increase. The current annual net operating income (NOI) is $243,375, resulting in a 6.15% capitalization rate. The tenant is financially strong, backed by a corporate guarantee, and responsible for all operating expenses except roof maintenance. Built in 2018, this property benefits from a dense population base, with over 15,465 residents within a 3-mile radius and an average household income exceeding $127,990. The property's proximity to major retailers like Walmart, Shaw's, and TJ Maxx further enhances its desirability. This stabilized investment offers a secure, low-management opportunity with built-in inflation protection through the lease's rent escalations. The asking price is $3,957,317, making it an attractive addition to any portfolio. This offering is ideal for a 1031 exchange.