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    OFF-MARKET
    Retail properties & Spaces

    340 Boston Providence Hwy, Westwood, MA 02090

    5,360 SF 0.75 ac lot Built 1984
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
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