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303 Turnpike Rd 9,581 SF 100% Leased Retail Building Westborough, MA 01581 $6,950,000 ($725.39/SF) 6.04% Cap Rate
Executive Summary
Kelleher & Sadowsky Associates, Inc. is pleased to present 303 Turnpike Road, Westborough, MA for sale as a premier net-leased investment opportunity anchored by the credit tenancy of Chase Bank. The property offers investors stable and predictable cash flow with a strong net operating income (NOI) of $419,990 supported by long-term leases and institutional-grade tenancy.
Situated on ±5.82 acres along the highly trafficked Route 9 corridor, the asset benefits from exceptional visibility, direct frontage on Route 9, positioning it within one of Central Massachusetts’ most established and desirable retail trade areas. The property’s strategic location is further enhanced by surrounding national retailers including Walmart, Target, Starbucks, and McDonald’s, generating substantial daily traffic and strong consumer activity. In addition, the site offers approximately ±70 parking spaces, providing outstanding convenience and accessibility.
With its long-term tenancy, strong in-place income, high-profile location, and institutional-quality tenant, 303 Turnpike Road represents an exceptional opportunity for investors seeking durable cash flow and long-term asset stability in a premier suburban Boston retail corridor.
Situated on ±5.82 acres along the highly trafficked Route 9 corridor, the asset benefits from exceptional visibility, direct frontage on Route 9, positioning it within one of Central Massachusetts’ most established and desirable retail trade areas. The property’s strategic location is further enhanced by surrounding national retailers including Walmart, Target, Starbucks, and McDonald’s, generating substantial daily traffic and strong consumer activity. In addition, the site offers approximately ±70 parking spaces, providing outstanding convenience and accessibility.
With its long-term tenancy, strong in-place income, high-profile location, and institutional-quality tenant, 303 Turnpike Road represents an exceptional opportunity for investors seeking durable cash flow and long-term asset stability in a premier suburban Boston retail corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,581 SF
Building Class
C
Year Built
1998
Price
$6,950,000
Price Per SF
$725.39
Cap Rate
6.04%
NOI
$419,990
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
5.82 AC
Zoning
BUS
Parking
75 Spaces (7.83 Spaces per 1,000 SF Leased)
Frontage
197’ on Turnpike Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Finance and Insurance
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$9.99
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Lorem Ipsum
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Chase is the consumer banking brand of JPMorganChase, whose roots trace to New York City’s first water company in 1799 and to The Chase Manhattan Bank among its heritage firms. The company offers personal and business banking, credit cards, home loans, auto financing, and investing and retirement services through branches, digital channels, and affiliated payment platforms. Chase also supports commercial banking and treasury services for businesses, while JPMorganChase’s broader platform includes investment banking, asset management, and financial transaction processing. Chase remains a major U.S. banking franchise with a broad mix of consumer and commercial financial services.
- Kuberan Jewelers
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$9.99
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Lorem Ipsum
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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|
Finance and Insurance | - | $9.99 | Lorem Ipsum | - | |
| Kuberan Jewelers | - | - | $9.99 | Lorem Ipsum | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WBOR-000025-000033 | Improvements Assessment | $1,906,300 |
| Land Assessment | $1,367,000 | Total Assessment | $3,273,300 |
Property Taxes
Parcel Number
WBOR-000025-000033
Land Assessment
$1,367,000
Improvements Assessment
$1,906,300
Total Assessment
$3,273,300
Contacts
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Chris Naff -
Drew Higgins -
William Kelleher -
Kelleher & Sadowsky Associates, Inc.
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