Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in 312 Bedford Street Whitman, MA. This single-tenant medical office property is 100 percent occupied by Steward Health Care System. Steward is the largest for-profit hospital operator in the United States with three scalable business units: Steward Hospital Management Company, Steward Medical Group, and Steward Health Care Network. With over 400 practices nationwide, Steward and its subsidiaries remain a leader in the healthcare industry. Steward Medical Group is a part of Steward Health Care, an accountable care organization that has received national recognition for its design and performance for the way their physicians, hospitals, and care teams work together to coordinate the highest quality of care for their Medicare patients. The building operates under a desirable Double-Net lease structure with minimal landlord responsibilities. SMG recently signed an early 5-year renewal option showing their commitment to the site leaving 6-years of lease term remaining. The lease also features one, five-year renewal option with 2 percent annual rental increases. Steward Medical Group also leases additional parking in the rear of the Property generating additional income for the Property. This lot is required to be purchased for $350,000 in 2025. The site is positioned on a 1.76-acre lot offering 15,648 square feet. Excellent visibility off Bedford Street (18,227 VPD) with ample parking and ease of access. This well-maintained and attractive Property has excellent visibility and frontage being positioned across the street from McDonald’s, Dunkin’, and CVS all of which drive traffic to the area. MA Route 18 is the area’s primary commercial corridor and provides access to Bridgewater to the south.