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Property profile & analytics
FOR LEASE
Super regional malls

77 Boston Tpke Shrewsbury, MA 01546

27,920 SF 2.33 ac lot Built 1988
Entity Owned 28-yr Hold ~ Est. High Equity
Property ID
US38-0975228
Property summary
AI-generated overview

This exceptional retail opportunity is located within the Quinsigamond Plaza, a thriving community center situated at 77 Boston Turnpike in Shrewsbury, Massachusetts, 01546. The property boasts a total of 27,920 square feet and currently features a single suite. A significant 3,500 square feet of retail space is immediately available for lease, presenting a fantastic chance for a business seeking high visibility and convenient access. The center enjoys a strategic location on Route 9 West, a major thoroughfare ensuring high traffic volume and excellent exposure to potential customers. The property is zoned CB within Worcester County and offers a unique chance to establish or expand a business in a well-established commercial area. The existing tenant mix provides a strong anchor for the center, creating a synergistic environment for complementary businesses. This space is ideal for a variety of retail uses, offering ample room for customization and development to suit specific business needs. The property's prime location and substantial available space make it an exceptional investment opportunity for discerning businesses seeking a prominent presence in a bustling Shrewsbury commercial hub. Interested parties are encouraged to inquire further to explore the possibilities of this remarkable retail space.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,920 SF
Lot 2.33 ac (101,495 SF)
Zoning code CB
APN SHRE M:31 B:191000
UPID US38-0975228
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
Current use
Occupant on record · Public records
  • FedEx Office Print & Ship Center Courier Service Postal Service
  • Trader Joe's Grocery & Convenience Store Food Market
  • Rush My Passport (Bike/Boat/Book/etc) Store
  • FedEx Drop Box Postal Service Courier Service
  • Gerardo's Cupcakes Galore Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.70M
Blend (final) Blend
$3.52M
Owner & transaction history
Jefferson Shrews LP · 28 yrs held
Jefferson Shrews LP
since 1998
4 recorded transactions
2011
Price N/A
1998
$3.0M
1996
Price N/A
1992
Price N/A
Zoning & alternative use
CB · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $5.3M +49.4%
Retail stores $4.4M +24.3%
Auto repair, garage $4.3M +21.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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