Description

This offering consists of a portfolio of three medical office condominium suites leased to long-term, established tenants with an average occupancy of 27 years, providing stability and reliable income. The properties are fully leased under 100% NNN agreements, requiring minimal landlord involvement, and include built-in rent growth of 3% annually. Approximately 59% of the gross leasable area is occupied by Concentra, a publicly traded company with over 625 locations nationwide, while 79% of the space is leased to strong national and regional credit tenants, including 42 North Dental. Located in Torrington, Connecticut—the largest city in Litchfield County and a key commercial and healthcare hub for Northwest Connecticut—the portfolio benefits from its proximity to Charlotte Hungerford Hospital, the region’s largest employer and healthcare network, situated less than five miles away. The surrounding area features an affluent demographic with average household incomes of $90,800 within five miles, and the property is strategically positioned just off Connecticut Route 8, a major north-south corridor connecting Massachusetts to the Long Island Sound, further enhancing accessibility and long-term value.