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665 Cochituate Rd
Framingham, MA 01701
Office Property For Sale


Investment Highlights
- Trophy Location in close proximity to TJ Maxx corporate office, Natick Mall & Massachusetts Turnpike exit 117
- Single tenant, NNN lease structure
- Temescal Wellness cannabis dispensary has been open since 2016
- Strong demographics; 149,000 residents with AHI of $209,000 within 5 miles
Executive Summary
665 Cochituate Road at 665 Cochituate Road, Framingham, MA presents a compelling net-leased investment opportunity in one of MetroWest Boston’s most dynamic retail and commercial corridors. This attractive two-story, 10,240 SF building is 100% occupied by Temescal Wellness, an established cannabis dispensary that has operated at the property since 2016. Positioned just off Exit 117 of the Massachusetts Turnpike, the property benefits from exceptional regional accessibility and strong visibility near Natick Mall, Shoppers World, and the TJX corporate office. The site sits on 0.689 acres and offers approximately 60 off-street parking spaces, enhancing convenience for customers and staff alike. The asset is leased on a single-tenant NNN basis, providing durable cash flow with taxes, CAM, and insurance paid by the tenant. The current 15-year lease runs through June 30, 2031, and includes one 15-year renewal option, annual CPI rent increases, plus an additional 5% bump every five years. Surrounded by dense traffic counts and affluent demographics, with approximately 149,000 residents and average household income of $209,166 within five miles, this offering combines income stability, prime location, and an attractive current return.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
10,240 SF
Building Class
B
Year Built
1968
Price
$3,637,000
Price Per SF
$355.18
Cap Rate
9%
NOI
$327,288
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,182 SF
Slab To Slab
12’
Building FAR
0.34
Lot Size
0.69 AC
Zoning
M1 - Manufacturing
Parking
60 Spaces (5.86 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | FRAM-000084-000077-002163 | Improvements Assessment | $1,492,000 |
| Land Assessment | $471,500 | Total Assessment | $1,963,500 |
Property Taxes
Parcel Number
FRAM-000084-000077-002163
Land Assessment
$471,500
Improvements Assessment
$1,492,000
Total Assessment
$1,963,500
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