20 Commercial Rd Leominster, MA 01453

This 20,279 square foot, single-story shopping center and medical office building in Leominster, MA, offers a compelling investment opportunity. Located on a 2.02-acre lot at 20 Commercial Road, the property boasts five suites, currently 90% occupied by a mix of national and regional tenants, including Geico, ConvenientMD, Kids Care+, and Leominster Dialysis. The anchor tenant, ConvenientMD, occupies a significant portion of the space, with a long-term lease (13+ years remaining) featuring 10% rent increases every five years. Other tenants have annual lease increases ranging from 2% to 3%. All leases are NNN, minimizing landlord responsibilities (landlord responsible only for roof and structure). The property benefits from its strategic location near Route 2, a major commuter route, and its proximity to a large retail concentration including the Mall at Whitney Field. Built in 1993, the property features a prominent location with excellent visibility and signage opportunities. A small vacancy presents potential for increased revenue. The current Net Operating Income (NOI) is $561,727, resulting in a 7.30% capitalization rate. The asking price is $7,695,000, translating to a price per square foot of $379.46. This stabilized investment offers a strong return with built-in rent growth and limited landlord responsibilities.