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Virtual Drive-By

Fresenius Medical Care NNN Multi-tenant

239-243 Boston Tpke · Shrewsbury, MA 01545 · Dialysis

Asking price
$3,250,000
Cap rate
7.10%
NOI
$239,714

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNNN
Term remaining—
Expiration—
Rent bumps3% per year for both tenants
Options(2) Five year Market Rate options (Fresenius); none (Fit Equipment)
Ground lease—
Credit profile—
TenancyMulti

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF11,901
Price / SF$273
Year built1957
Lot size—
TypeStreet Retail
Days on market18

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

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

Property overview

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.​

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.