Triple-Net Retail
239-243 Boston Tpke Shrewsbury, MA 01545
239-243 Boston Tpke, Shrewsbury, MA, 01545
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For Sale
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Two fully leased retail units with NNN terms and annual rent increases at 239-243 Boston Tpke.
Property Size11,901 SF
Price / SF$273.09
Days on Market15
Property Features for 239-243 Boston Tpke
General Information
- Standard status
- Active
- Size
- 11,901 SF
- Property subtype
- RETAIL
Listing agency
NAI Glickman Kovago & Jacobs
(508) 769-5007
Listed by
James Glickman · License ##9001209
Source
Moodyscre
Added: Jul 7 Updated: Jul 20 at 9:39PM Checked: Jul 21 at 5:16AM
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 NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
This triple-net (NNN) investment property is offered with two fully leased retail units at 239-243 Boston Tpke in Shrewsbury, Massachusetts. The current tenants are Fresenius Medical Care, in occupancy since 1991, and Fit Equipment, since 2009. Both NNN leases include annual rent increases.
The property is positioned along high-traffic Route 9 with easy access from both directions and visibility from the roadway. It is located less than 500 feet from Lakeway Commons, a 100,000-square-foot retail center anchored by Whole Foods Market, Starbucks, and Burton’s Grill & Bar, along with other national retailers.
The property is positioned along high-traffic Route 9 with easy access from both directions and visibility from the roadway. It is located less than 500 feet from Lakeway Commons, a 100,000-square-foot retail center anchored by Whole Foods Market, Starbucks, and Burton’s Grill & Bar, along with other national retailers.
Key Highlights
- Premier triple‑net (NNN) investment property with two fully leased retail units at 239‑243 Boston Tpke
- Long‑term tenants: Fresenius Medical Care since 1991 and Fit Equipment since 2009
- NNN leases include annual rent increases
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.1k | $21.60 |
| − Vacancy | −$5.7k | −$0.48 |
| EGI | $251.4k | $21.12 |
| − OpEx | −$75.4k | −$6.34 |
| NOI | $176.0k | $14.79 |
11,901 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.51M
$2.20M – $2.93M
NOI $175,984 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.06M
$3.56M – $4.74M
NOI $284,482 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
NNN property - Two fully leased retail units with NNN terms and annual rent increases at 239-243 Boston Tpke.
Where is this nnn property located?
The property is located at 239-243 Boston Tpke Shrewsbury, MA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Premier triple‑net (NNN) investment property with two fully leased retail units at 239‑243 Boston Tpke; Long‑term tenants: Fresenius Medical Care since 1991 and Fit Equipment since 2009; NNN leases include annual rent increases
