4 Cocasset StFoxborough, MA 02035

Property Details for 4 Cocasset St

Year built

1939

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 AC

Property size (Sq ft)

5,033 SF

Property type

Banks

APN

FOXB M:079 L:009

APU

FOXBM079L009

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,600 square foot, single-tenant retail property occupied by Citizens Bank. Located at 4 Cocasset Street in Foxborough, Massachusetts, this property boasts a prime downtown location on a highly visible corner lot, benefiting from significant daily traffic counts exceeding 23,300 vehicles. The property, built in 2000 and renovated in 2023, sits on a 0.55-acre lot and features a single-story building. Citizens Bank signed a new 10-year net lease (NN) in May 2023, with a remaining term of 8.4 years and three 5-year renewal options, each including attractive rent increases. The lease provides a strong, investment-grade credit tenant with a corporate guarantee, ensuring consistent income. The current Net Operating Income (NOI) is $167,500, resulting in a 6.70% cap rate. The property enjoys excellent visibility and proximity to major roadways (Interstate 95), Gillette Stadium, and Patriot Place, as well as local amenities and schools. The strong demographics of the area, with over 28,900 residents within 3 miles and an average household income exceeding $169,420, further enhance the investment potential. The property's location within a thriving retail trade area, including numerous national retailers, ensures consistent foot traffic and consumer activity. This is a rare opportunity to acquire a high-yield, low-management investment with a strong tenant and significant upside potential. The asking price is $2,500,000.

Location Insight

City

Foxboro

County

Norfolk

State

Massachusetts

Latitude

42.0653

Longitude

-71.2496

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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