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Three-Tenant Retail Shopping Center
For Sale
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Pending

653 Worcester Rd, Framingham, MA 01701

Three-tenant shopping center 100% leased to Walgreens, AAA, and Supercuts.

Property Size20,693 SF
Days on Market110

Property Features for 653 Worcester Rd

General Information

Standard status Pending
Size 20,693 SF
Property subtype Retail
Occupancy 100%

Building Details

Tenancy Multi
Listing Agency: CBRE - Atlanta
Listed By: Chris Bosworth · License #GA 248342
Source: Crexi
Added: Apr 12 Changed: Jul 20 Last Checked: Jul 30 at 1:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta

Investment Insights

Based on property information with market context.

This three-tenant shopping center totals 20,693 square feet and is fully leased to Walgreens, AAA, and Supercuts. Walgreens is on a new 13-year sale-leaseback, while AAA and Supercuts have approximately 6.6 years remaining, each recently extended through 2028.

The property is located at 653 Worcester Rd in Framingham, Massachusetts.

The current tenant lineup provides a diversified mix of established uses under long-term leases, with all space leased as of the offering.

Key Highlights

  • 20,693‑SF, three‑tenant shopping center 100% leased to Walgreens, AAA, and Supercuts
  • Walgreens: 15,400 SF with new 13‑year sale‑leaseback; $417,000 total annual rent ($27.08 PSF)
  • AAA: 3,543 SF with ~6.6 years remaining; recently extended through 2028; $111,605 annual rent ($31.50 PSF)

Property Analytics

Current Use

Western Union Bank Labcorp at Walgreens Paternity Testing Service Coinhub Bitcoin ATM ... Atm TD Bank ATM Atm David Russell Pharmacy

Suggested Use

Top Pick Barber Shop (Bike/Boat/Book/etc) Store Storage Facility Catering Service Electrical Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,172
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01701, MA

33,005
Population
13,131
Households
2.5
Avg Household Size
44
Median Age
61%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
1,953
Density / Sq Mi
$127,000
Median Household Income
$69,672
Median Earnings
$1,973
Median Rent
$612,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

  • Trolley Square — 855 Worcester Rd, Framingham, MA 01701
  • Hamilton Plaza West — 680 Worcester Rd, Framingham, MA 01702
  • One Framingham Center — Unnamed Road, Framingham, MA 01701

Frequently Asked Questions

What type of property is this?
Shopping center - Three-tenant shopping center 100% leased to Walgreens, AAA, and Supercuts.
Where is this shopping center located?
The property is located at 653 Worcester Rd Framingham, MA.
What are key features of this property?
This property features: 20,693‑SF, three‑tenant shopping center 100% leased to Walgreens, AAA, and Supercuts; Walgreens: 15,400 SF with new 13‑year sale‑leaseback; $417,000 total annual rent ($27.08 PSF); AAA: 3,543 SF with ~6.6 years remaining; recently extended through 2028; $111,605 annual rent ($31.50 PSF)
(404) 504-7893 Call to check price and availability
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