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|Last Updated Date||26 Jun 2020|
JLL is pleased to exclusively offer the opportunity to acquire a fee simple, net-leased office property (the “Property“ or the “Asset”) in Willimantic, CT. The Property is strategically located in close proximity to several university systems as a key service partner through clinical trials and school-funded research. Headquartered in nearby Wilmington, MA, Charles River Labs has a longstanding history in the region and has an intensive site selection process. As a result, the tenant has consistently invested significant capital into the subject location to maintain a high company standard and to stay up to date on changing technologies within its field in addition to executing an early lease extension. This offering presents the rare opportunity for an investor to acquire industry-leading tenancy at an extremely attractive yield profile.
- Demonstrated commitment with significant tenant investment
- Recent tenant extension at market rental rates
- Low price point and passive lease structure with annual bumps
- One mile from Eastern Connecticut state university