340 Boston Providence Hwy Westwood, MA 02090
- Retail properties
- 5,360 SF
- 0.75 lot acres
Current Use by Public Records
- Retail properties
Property Details for 340 Boston Providence Hwy
- Year built
- 1984
- Lot size
- 0.75 lot acres
- Property size
- 5,360 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 5,360 square foot retail storefront located at 340 Providence Highway in Westwood, Massachusetts, 02090. The property, built in 1984 and extensively renovated in 2023, sits on a 0.75-acre lot and features a two-story building with ample parking for 80 vehicles. Currently operating under a single-tenant, Net Lease (NNN) agreement, the property boasts 100% occupancy with a remaining lease term of approximately 3.7 years (expiring July 31, 2028, with a commencement date of August 1, 2023). The lease includes annual rent escalations throughout the initial five-year term, offering predictable income growth. The property is strategically positioned on Route 1, less than one mile from the intersection of Route 128/95, providing unparalleled access to the Greater Boston area. Its proximity to Westwood Station (less than two miles) ensures convenient access to hotels, restaurants, fitness centers, and the commuter rail. This presents a unique opportunity for owner-occupancy after the initial investment period. The property is ideally suited for an automobile dealership, given its location along the "Auto Mile." Three five-year lease options are available.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westwood
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.181
- Latitude
- 42.2158
