Cornerstone Square

Investment Overview

NAI Parsons Commercial Group is pleased to exclusively offer for sale Cornerstone Square located at 292 Main Street, Northborough, Massachusetts (the “Property”). The Property consists of a fully occupied 14,120± square foot neighborhood center situated on a prominent 1.5± acre corner parcel along the highly traveled Route 20 corridor. Cornerstone Square represents an attractive opportunity to acquire a well-located, fully leased neighborhood retail center with stable tenancy, strong market fundamentals, and long-term investment potential within the Greater Boston marketplace.

Investment Highlights

• Established Neighborhood Center - 100% leased with 12 flexible-size suites and a diverse tenant mix.
• Strong Tenant Retention - Historically high occupancy with median tenant tenure exceeding 13 years.
• Prominent Signalized Location - Positioned at the intersection of Route 20 & Bartlett Street with exposure to 12,333± vehicles per day.
• Excellent Regional Access - Convenient access to I-495, I-290, and the Massachusetts Turnpike (I-90).
• Affluent MetroWest Trade Area - Located near Northborough Crossing and supported by strong demographics, including $213K+ average household income within one mile.
• Future Upside Potential - Opportunity to increase value through lease rollover and rental rate optimization.
• Low Tax Environment - Northborough features a favorable single tax rate of $14.82 per $1,000 of assessed value.