Property profile

340 Boston Providence Hwy Westwood, MA 02090

OFF-MARKET
Retail properties & Spaces
5,360 SF 0.75 ac lot Built 1984
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1984
Total area 5,360 SF
Lot 0.75 ac (32,670 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

340 Boston Providence Hwy Westwood, MA 02090
Westwood metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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