For Sale
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190 Fremont StWorcester, MA 01603

7,200 SF, NNN Lease, Core Investment

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 7,200 square foot medical office building in Worcester, MA, presents a compelling core investment opportunity. Situated on a 0.41-acre lot at 190 Fremont St, this single-tenant, Class C property boasts a long-term lease with a well-established, multi-state healthcare franchisee (Brightview). The building, constructed in 1960 and recently renovated to the tenant's specifications at their expense, is a durable brick/masonry and steel structure. The 3-story building features 20 parking spaces and is fully accessible on the ground and first floors, each equipped with galley kitchenettes and bathrooms. The property benefits from a proven rental history and a lease that includes rent bumps. Zoned BL-1, this investment offers significant long-term stability, enhanced by the tenant's successful track record and the landlord's proactive securing of municipal approvals for Substance Abuse Recovery Treatment. This stand-alone building represents a low-maintenance, high-return investment in a desirable location. The property's strong tenant and lease terms, coupled with its recent renovations, make it an attractive opportunity for discerning investors seeking a stable, cash-flowing asset.

Highlights

  • 7,200 SF single-tenant medical office building.
  • Recently renovated, Class C building.
  • Excellent rental history with a long-term NNN lease.
  • Established multi-state healthcare provider (Brightview) as tenant.
  • Fully accessible ground and first floors, each with galley kitchenettes and bathrooms.
  • 0.41-acre lot with 20 parking spaces in Worcester, MA.

Property Details for 190 Fremont St

Property type
Office properties, Medical offices
Square Feet
7,200 SF
Class
C
Year Built
1960
Buildings
1
Stories
3
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Worcester
County
Worcester
State
Massachusetts
Latitude
42.2433091
Longitude
-71.8226248
190 Fremont St, Worcester, Massachusetts

FAQs

What type of property is this?
Office property - 7,200 SF, NNN Lease, Core Investment
Where is the office property located?
The property is located at 190 Fremont St Worcester, MA.
What are key features of this property?
This property features: 7,200 SF single-tenant medical office building.; Recently renovated, Class C building.; Excellent rental history with a long-term NNN lease.
How can I contact the broker?
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190 Fremont St
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