297 & 311 Boston Post Road, Wayland, MA 01778

Building Details

Year Renovated 2026 More

Buildings 2 More

Tenancy Single More

Listing Agency: Horvath & Tremblay

Listed By: Bob Horvath · License CT #756500 Show Phone

Source: Crexi

Added: Oct 19 Changed: Nov 8 Last Checked: Nov 8 at 3:56PM

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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 Horvath & Tremblay

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Investment Insights

Based on property information with market context.

The property comprises two freestanding buildings totaling 35,208 square feet, renovated for Terrain in 2026. The current lease runs for 12 years and includes two five-year renewal options, with 3% annual rent increases during the initial term and renewal periods.

The buildings occupy sites at 297 and 311 Boston Post Road (US Route 20) in Wayland, near the Routes 20 and 27 intersection. Wayland Town Center, anchored by Stop & Shop, and the Mass Central Rail Trail are nearby. Routes 20, 27, and 126 provide local access, with connections to Route 30, I-95/Route 128, and the Massachusetts Turnpike (I-90).

Key Highlights

• Two buildings contain a combined 35,208 square feet
• Renovated for Terrain in 2026
• Terrain lease has a 12‑year term and two 5‑year renewal options

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$506,038

Cap Rate

3.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,120,760 $10.1M

Cap Rate 7%

$7,229,114 $7.2M

Cap Rate 9%

$5,622,644 $5.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 35,208 SF

Gross rent

$773.2K $21.96/SF

− Vacancy

−$50.3K −$1.43/SF

EGI

$722.9K $20.53/SF

− OpEx

−$216.9K −$6.16/SF

NOI

$506.0K $14.37/SF

Area

Middlesex County, MA

Vacancy

6.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,120,760

Cap Rate 7%

$7,229,114

Cap Rate 9%

$5,622,644

Alternative Uses

Best Use

Retail

$7.23M

$6.33M – $8.43M (±1% cap)

NOI $506,038 @ 7.0% cap · market cap 3.61%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$20.84M

$18.24M – $24.32M (±1% cap)

NOI $1,459,011 @ 7.0% cap · market cap 10.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Balboa Garage Door ... Building Supply AKS Attic Insulation ... General Contractor Able Fence Online General Contractor Ninja Business Media Marketing & Advertising Wayland Pack & Ship Shipping Company

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility Garden Center Restaurant Parking Lot & Garage Plumbing Service

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

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

346

Businesses Nearby

28k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 63% Dining 18% Home Improvements & Furnishings 15% Beauty & Spa 4%

Stop & Shop Groceries

17,765 visits/mo 0.1 miles

Giacomo's Dining

5,040 visits/mo 0.1 miles

Ace - Wayland Home and Design Home Improvements & Furnishings

4,284 visits/mo 0.2 miles

Elements Massage Beauty & Spa

1,238 visits/mo 0.2 miles

Demographics for 01778, MA

14,132

Population

5,136

Households

2.8

Avg Household Size

45

Median Age

78%

College-Educated

98%

High-School Grad

15.0 sq mi

ZIP Area

942

Density / Sq Mi

$219,531

Median Household Income

$106,935

Median Earnings

$1,403

Median Rent

$935,700

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Middlesex County, MA

$313 Jul

$246 Aug

$239 Sep

$283 Oct

Properties on Market for Storefront properties in Middlesex County

Jul

Aug

Sep

Oct

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

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Similar Off Market Nearby

• Post Road Flowers — 310 Boston Post Rd, Wayland, MA 01778

Frequently Asked Questions

What type of property is this?

Storefront property - Two renovated buildings operate under a long-term Terrain lease with scheduled annual rent increases.

Where is this storefront property located?

The property is located at 297 & 311 Boston Post Road Wayland, MA.

What is the asking price?

The asking price for this property is $14,000,000.

What are key features of this property?

This property features: Two buildings contain a combined 35,208 square feet; Renovated for Terrain in 2026; Terrain lease has a 12‑year term and two 5‑year renewal options