957 Tpke RdShrewsbury, MA 01545
- Mixed-use properties
- 15.83 AC
Property Details for 957 Tpke Rd
- Lot size
- 15.83 AC
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
Exceptional investment opportunity in Shrewsbury, MA. This 15.83-acre mixed-use property boasts three one-story buildings totaling 100% occupancy with four corporate-guaranteed tenants under a triple-net (NNN) lease. The lease commenced December 1, 2020, with a five-year term, expiring December 1, 2025, leaving one year remaining. The property features Commercial-Business (CB) zoning, allowing for diverse uses. A ground lease is in place, expiring December 1, 2025, with 1.3 years remaining. The property underwent renovations in 2020 and enjoys a prime location on Boston Turnpike (Route 9), a high-traffic corridor with significant recent development, including the nearby Northborough Crossing retail center and apartment complex. This corner lot offers impressive street frontage on both Turnpike Road and Walnut Street. The property's size and location represent a rare opportunity within this thriving market. This is a privately owned Class B property. No lease options are available.
Location Insight
- City
- Shrewsbury
- County
- Worcester
- State
- Massachusetts
- Latitude
- 42.2808
- Longitude
- -71.6763
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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