William Raveis Real Estate
Listed by William Raveis Real Estate
$1,200,000
189-201 Marlborough St.
Details
Property Type Mixed Use, Retail
Sub Type QSR/Fast Food, Professional Office
Square Footage 8,006
Cap Rate 6.90%
NOI $82,757
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 11.10%
Pro-Forma NOI $132,941
Year Built 1947
Buildings 3
Acreage 1.000
Zoning B-2 General Business District
Investment Type Value Add
Ground Lease No
Mixed Use | 6.90% CAP | 8,006 SqFt
Marketing description
The portfolio is 100% occupied with three active gross leases — all tenants pay utilities, delivering a clean, low-expense income stream to ownership. The anchor commercial tenant is State Farm Insurance, secured through 2030. The weighted average lease term is ~1.9 years, with Subway expiring November 2026 — an immediate re-pricing opportunity for the new owner.
Investment highlights
- Prime Route 66 location — Direct Route 9 access to I-95
- Subway + State Farm: national credit tenants providing predictable, creditworthy income
- Subway lease expires Nov 2026 — re-price to $4,000+/mo
- Town preliminary approval for strip-mall development on 7,500 SF vacant parcel — pure upside
- Potential for 4th unit on second floor of 201
Listing Contacts
William Raveis Real Estate
Listed by William Raveis Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,757.00
$6,896.42/mo
Valuation Metrics
0
DSCR
6.9%
Cap Rate
6.9%
ROI
Map
Zoning
B-2 CommercialGeneral CommercialGeneral Business
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View all 61 uses
View all 61 uses Last updated Feb 18, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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