BOSTON, MA— Atlantic Capital Partners has announced the sale of Lowe’s in Framingham, a 9.53-acre ground-leased property located in the heart of one of Greater Boston’s most dynamic retail corridors. The asset traded for $32,600,000, reflecting strong investor confidence in large-format retail and high-performing suburban markets.
The transaction was overseen by Atlantic Capital Partners’ Capital Markets team, including Justin Smith (Head of Capital Markets), Chris Peterson (Executive Vice President), Sam Koonce (Vice President), Danielle Turpin (Associate), and Matt Ericson (Senior Analyst). The firm exclusively represented the seller and also secured the buyer.
A High-Performing Retail Node
Located on Route 30 in Framingham, just west of downtown Boston, the site benefits from daily traffic volumes of 25,953 vehicles and is surrounded by major national retailers including Stop & Shop, Target, and BJ’s Wholesale Club—creating a synergistic retail environment that attracts consistent customer flow.
“This location stands out as the only Lowe’s west of downtown Boston,” said Justin Smith. “Its strategic position allows it to draw from a wide regional trade area, making it one of the most productive stores for Lowe’s in the region.”
The property is ground leased to Lowe’s on a long-term NNN basis, providing the new owner with stable, predictable cash flow and minimal landlord responsibilities.
Framingham: A Suburban Powerhouse
The Framingham/Natick retail corridor is recognized as New England’s largest suburban retail concentration, attracting shoppers from across Greater Boston. The site is supported by a dense local population of over 147,000 residents within a five-mile radius.
“Framingham offers seamless access to both Boston and Worcester—Massachusetts’ two largest cities—making it an ideal retail location,” said Matt Ericson. “This sale highlights the resilience of large-format retail and the continued demand for assets in high-barrier-to-entry submarkets like Framingham.”
