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34256762
34256771

239-243 Boston Tpke, Shrewsbury, MA 01545

JG
MA MA 9001209
NAI Glickman Kovago & Jacobs
Listed by NAI Glickman Kovago & Jacobs
$3,250,000
8 days on market
Updated 1 day ago

239-243 Boston Tpke

Details
Property Type Retail
Sub Type Street Retail
Square Footage 11,901
Units 1
Cap Rate 7.10%
NOI $239,714
Occupancy 100%
Tenancy Multi
Brand/Tenant Fresenius Medical Care, Fit Equipment
Lease Type NNN
Rent Bumps Yes
Lease Options (2) Five year Market Rate options (Fresenius); none (Fit Equipment)
Year Built 1957
Lot Size (SqFt) 46,608
Zoning CB
Parking Spaces 50 spaces
Parking per 1,000 SqFt 4.20
Investment Type Net Lease

239-243 Boston Tpke, Shrewsbury, MA 01545

Marketing description

NAI Glickman, Kovago & Jacobs is pleased to exclusively offer this premier triple-net (NNN) investment property on Route 9 in Shrewsbury, Massachusetts.

Located in Greater Worcester's premier retail corridor, the property features two fully leased units occupied by long-term tenants: Fresenius Medical Care (since 1991) and Fit Equipment (since 2009). Both NNN leases include annual rent increases and provide stable, predictable cash flow with minimal landlord responsibilities.

Positioned along high-traffic Route 9, the property offers excellent visibility and easy access from both directions. It is located less than 500 feet from Lakeway Commons, a 100,000-square-foot retail center anchored by Whole Foods Market, Starbucks, Burton's Grill & Bar, and other national retailers, further enhancing its long-term investment appeal.

239-243 Boston Turnpike sits on Route 9 in Shrewsbury, the primary retail corridor linking Worcester to the MetroWest market. The property is positioned near the Worcester line and Lake Quinsigamond, within an established retail node anchored by White City Shopping Center and a Trader Joe's-anchored center with Total Wine and Chipotle. National and regional tenants line both directions of travel, drawing steady daily exposure to the site.

Investment highlights

  • 11,901+/- square feet on 1.08+/- acres of land
  • Proven High Density National Quality Retail Location
  • Highly Visible Property
  • Long Term Stable Tenant Base
  • High Quality Construction
  • Strong Area Demographics

Listing Contacts

JG
MA MA 9001209
NAI Glickman Kovago & Jacobs
Listed by NAI Glickman Kovago & Jacobs

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$239,714.00
$19,976.17/mo

Valuation Metrics

0
DSCR
7.38%
Cap Rate
7.38%
ROI

Map

Zoning

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Last updated Jul 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
James Glickman
License
MA 9001209
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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