251 Turnpike Road, Southborough, MA for sale

Investment Overview

251 Turnpike Road is a 3.81 acre site improved by a highly functional 15,500 SF light industrial building located along Route 9 in Southborough, MA. The property is 100% leased to two tenants, offering investors long-term, stable cash flow. The anchor tenant, occupying 10,500 SF, is an established dealership with 14-years of term and annual CPI rent increases. The second tenant has invested a significant amount of capital into its 5,000 SF and adds a complementary automotive use to building. The property offers convenient access to I-495 and exceptional visibility with approximately 600 feet of frontage. This stretch of Route 9 has signalized intersections about one mile in both directions and sees an average of 50,500 vehicles per day. The underlying zoning allows for a variety of uses and the ability to expand the existing building 35,190 SF.

Investment Highlights

• Long-term leases to two automotive tenants
• Annual rent increases providing hedge against inflation
• 3.81 acre site with expansion potential
• 600 feet of frontage along Route 9
• Average traffic count of 50,500 vehicles per day