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665 Cochituate Rd 10,240 SF 100% Leased Retail Building Framingham, MA 01701 $5,155,193 CAD ($503.44 CAD/SF) 9% Cap Rate



Investment Highlights
- Trophy Location in close proximity to TJ Maxx corporate office, Natick Mall & Massachusetts Turnpike exit 117
- Single tenant, NNN lease structure
- Temescal Wellness cannabis dispensary has been open since 2016
- Strong demographics; 149,000 residents with AHI of $209,000 within 5 miles
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,240 SF
Building Class
B
Year Built
1968
Price
$5,155,193 CAD
Price Per SF
$503.44 CAD
Cap Rate
9%
NOI
$463,908 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.69 AC
Zoning
M1 - Manufacturing
Parking
60 Spaces
Frontage
100’ on Cochituate Rd
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | FRAM-000084-000077-002163 | Improvements Assessment | $2,114,806 CAD |
| Land Assessment | $668,318 CAD | Total Assessment | $2,783,124 CAD |
Property Taxes
Parcel Number
FRAM-000084-000077-002163
Land Assessment
$668,318 CAD
Improvements Assessment
$2,114,806 CAD
Total Assessment
$2,783,124 CAD
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665 Cochituate Rd
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