4 Plumtree Rd Springfield, MA 01118

This fee-simple medical office building in Springfield, MA, presents a compelling investment opportunity. The property, located at 4 Plumtree Rd, 01118, encompasses 2,750 square feet on a 0.19-acre lot and was built in 1927. Currently 100% occupied by Veterinary Innovative Partners under a 10-year Absolute NNN lease (commencing March 9, 2022, and expiring March 9, 2032), offering a remaining lease term of approximately 7.3 years. The lease includes a corporate guarantee and annual rent bumps of 2% during the option period. A single, five-year lease option is also included. The asking price is $240,000, representing a price per square foot of $87.27 and a 7.00% cap rate based on a Net Operating Income (NOI) of $16,800. This investment benefits from a strong tenant in a recession-resistant industry, with the veterinary services market experiencing consistent growth. The property offers zero landlord responsibilities, making it an attractive, low-maintenance investment. The location boasts a dense population of over 232,000 within a five-mile radius. This offering provides a bite-sized price point with below-market rents and extremely healthy unit-level operations.