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Four-Tenant Restaurant Shopping Center
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369 Washington Street, Woburn, MA 01801

The retail property brings together four restaurant operators under corporate guarantees.

Property SizeContact for details
Lot Size4.78 Acres
Days on Market6

Property Features for 369 Washington Street

General Information

Standard status Active
Lot size 4.78 Acres
Property subtype Retail

Financials

Asking Price $17,800,000
Gross Income $1,023,848

Additional Details

Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: SURMOUNT
Listed By: Glen Kunofsky · License #NY 49KU1129178
Source: Crexi
Added: Sep 22 Changed: Sep 26 Last Checked: Sep 26 at 2:32PM

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 SURMOUNT

Investment Insights

Based on property information with market context.

This 4.78-acre shopping center spans three parcels and is occupied by Chick-fil-A, Starbucks, Pressed Café, and 110 Grill. Each of the four tenants has a corporate guarantee, with contractual rent increases built into the leases. Chick-fil-A’s rent increases by 8.75% every 5 years; the other tenants have 10% escalations every 5 years.

At 369 Washington Street in Woburn, the property is positioned at the interchange of I-95 and I-93, connecting it to both interstate routes.

Key Highlights

  • 4.78‑acre retail property across three parcels
  • Four restaurant tenants: Chick‑fil‑A, Starbucks, Pressed Café, and 110 Grill
  • All four tenants have corporate guarantees

Property Analytics

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Current Use

Factory Motor Parts Distribution Center

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,704
Businesses Nearby
426k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 31% Shops & Services 21% Superstores 18% Apparel 13%
Chick-fil-A Dining
88,842 visits/mo 0.1 miles
BJ's Wholesale Club Superstores
75,883 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
50,415 visits/mo 0.5 miles
Kohl's Apparel
48,298 visits/mo 0.3 miles
BJ's Gas Shops & Services
29,404 visits/mo 0.3 miles

Demographics for 01801, MA

40,891
Population
16,982
Households
2.4
Avg Household Size
41
Median Age
47%
College-Educated
94%
High-School Grad
12.7 sq mi
ZIP Area
3,220
Density / Sq Mi
$107,754
Median Household Income
$60,637
Median Earnings
$2,190
Median Rent
$641,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Similar Off Market Nearby

  • Kitaeff Inc — 400 Cummings Park Dr # 4015, Woburn, MA 01801
  • West Marine Plaza — 299 Mishawum Rd, Woburn, MA 01801
  • Woburn Village — The, 296 Mishawum Rd, Woburn, MA 01801
  • Woburn Mall — 296 Mishawum Rd, Woburn, MA 01801
  • Washington St. S.C. — 425 Washington St, Woburn, MA 01801

Frequently Asked Questions

What type of property is this?
Shopping center - The retail property brings together four restaurant operators under corporate guarantees.
Where is this shopping center located?
The property is located at 369 Washington Street Woburn, MA.
What is the asking price?
The asking price for this property is $17,806,000.
What are key features of this property?
This property features: 4.78‑acre retail property across three parcels; Four restaurant tenants: Chick‑fil‑A, Starbucks, Pressed Café, and 110 Grill; All four tenants have corporate guarantees
(332) 345-4222 Call to check price and availability
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