665 Cochituate Rd - Storefront Retail/Office FOR SALE


Framingham, MA 01701- Metro West
$3,637,000 USD
781-418-6225
665 Cochituate Rd, Framingham, MA for Sale
$3,637,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | 9% Cap Rate

665 Cochituate Rd
Framingham, MA 01701
Metro West


HIGHLIGHTS

  • Trophy Location in close proximity to TJ Maxx corporate office, Natick Mall & Massachusetts Turnpike exit 117
  • Temescal Wellness cannabis dispensary has been open since 2016
  • Single tenant, NNN lease structure
  • Strong demographics; 149,000 residents with AHI of $209,000 within 5 miles

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,637,000 USD

PRICE/SF

$355 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

M1

APN/PARCEL ID

FRAM-000084-000077-002163

ASK ABOUT THIS PROPERTY

Jonathan AronKeyPoint Partners, LLCMore Info
781-418-6225

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Jonathan AronKeyPoint Partners, LLCMore Info
781-418-6225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.