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340 Boston Providence Hwy Westwood, MA 02090

Prime Route 1 location, 5,360 SF, NNN lease.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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.

Highlights

  • 5,360 SF retail building on 0.75-acre lot in Westwood, MA, with 80 parking spaces.
  • Net-leased to a single tenant with 3.7 years remaining on a lease expiring July 31, 2028, including annual rent escalations and three five-year options.
  • Prime Route 1 location, less than one mile from Route 128/95, offering excellent access to Greater Boston.
  • Conveniently located near Westwood Station, providing proximity to hotels, restaurants, and commuter rail.
  • Ideal for owner-occupancy after the initial lease term, especially suited for an auto dealership on the "Auto Mile".

Property Details for 340 Boston Providence Hwy

Property type
Retail properties, Retail space
Square Feet
5,360 SF
Year Built/Renovated
1984/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Westwood
County
Norfolk
State
Massachusetts
Latitude
42.2158056
Longitude
-71.1810492

FAQs

What type of property is this?
Retail property - Prime Route 1 location, 5,360 SF, NNN lease.
Where is the retail property located?
The property is located at 340 Boston Providence Hwy Westwood, MA.
What are key features of this property?
This property features: 5,360 SF retail building on 0.75-acre lot in Westwood, MA, with 80 parking spaces.; Net-leased to a single tenant with 3.7 years remaining on a lease expiring July 31, 2028, including annual rent escalations and three five-year options.; Prime Route 1 location, less than one mile from Route 128/95, offering excellent access to Greater Boston.
How can I contact the broker?
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340 Boston Providence Hwy
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