154 Pioneer Drive

For Lease

154 Pioneer Drive, Leominster, MA 01453

154 Pioneer Drive currently offers 1 industrial space(s) for rent. The property type is designated as industrial. Use types among leasing opportunities at this property include flex space. The minimum space size listed is 12,780 square feet. Expand the individual listing section(s) below or reach out to the property representative(s) for additional information on leasing opportunities at 154 Pioneer Drive.

Space Available For Lease 1

Contacts

Brandon Meeks

O'Brien Commercial

Associate

Keith Gurtler

O'Brien Commercial

Property Details

  • Property Type Industrial
  • Property Size 55,330 SF
  • Lot Size 5 Acre
  • Building Class B
  • Year Built 1980
  • Date Updated Feb 18, 2026

154 Pioneer Drive is a functionally-strong industrial asset leased back to the operating company on a fresh, long-term absolute NNN basis. Day-one durable cash flow at 8% cap, built-in escalators as an inflation hedge, and residual value in a versatile, easily re-tenantable warehouse/distribution facility. Ideal for 1031, core-plus, private REITs, and family offices seeking yield with downside protection. The property is located 1.2 miles from access to Route 2, among some of the best corporate neighbors in Leominster such as AlphaGary, Highline Warren, and F&M Tool and Plastics. Surrounding areas offer a variety of amenities, including Dunkin Donuts, as well as the Orchard Hill Park which houses big-box tenants such as Target, Kohl's, and Dick's Sporting Goods.

INVESTMENT HIGHLIGHTS

. New Long-Term Lease (Sale-Leaseback): 7-year initial term, absolute NNN—tenant responsible for all OpEx, capital items, roof & structure; landlord receives pure coupon.

. Tenant Alignment: Owner executing a sale-leaseback to redeploy capital into core operations—high stickiness and strong incentive to perform.

. Escalation Profile: 3% annual bumps, protecting against inflation.

. Market & Labor Access: Strategic location in Leominster, MA with immediate access to Route 2, deep blue-collar labor pool, and close proximity to customers/suppliers.

. Basis Advantage: Attractive going-in price per SF relative to replacement cost.

. Tax & Yield Levers: Cost segregation/bonus depreciation potential; optional rooftop solar for incremental income.

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Attachments

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Location

  • City Leominster, MA
  • Neighborhood Prospect Park
  • Zip Code 01453
  • Market Worcester Springfield

Points of Interest

  • North Leominster

    1.62 miles

  • Fitchburg

    5.39 miles

  • Wachusett

    7.24 miles

  • Shell

    1.65 miles

  • The Mall at Whitney Field - Tesla Supercharger

    1.75 miles

  • Speedway

    1.77 miles

  • BJ's Gas

    2.60 miles

  • Mobil

    2.72 miles

  • Global Diesel

    2.77 miles

  • Cumberland Farms

    3.00 miles

  • BP

    4.34 miles

  • Devens Sherman Square

    4.39 miles

  • Gulf

    4.88 miles

  • Whalom Car Wash

    3.79 miles

  • Fitchburg Car Wash

    4.54 miles

  • Pro Clean Auto Wash

    4.87 miles

  • Touchfree Car Wash

    4.91 miles

  • Quick 'N Clean

    4.93 miles

  • Enterprise

    5.50 miles

  • Chili's

    0.50 miles

  • TGI Friday's

    0.60 miles

  • Olive Garden

    0.62 miles

  • Concession Stand

    1.41 miles

  • Denny's

    1.63 miles

  • Athen's Pizza

    1.67 miles

  • Papa Gino's

    1.67 miles

  • Wendy's

    1.68 miles

  • Burger King

    1.68 miles

  • Panera Bread

    1.69 miles

154 Pioneer Drive Listing Brief

  • The rental rate for available space at 154 Pioneer Drive is offered upon request. Use the contact form at the top of the listing page to reach out to the property representative and get more information regarding the current listing rate.

    The asking price varies based on the location of the property, with proximity to transportation hubs, access to highways or ports playing a key role in the building's valuation. Other factors that influence cost are the property's age, its quality rating, as well as its onsite facilities and features.

  • Completed in 1980, the property at 154 Pioneer Drive incorporates 55,330 square feet.

    A single-tenant industrial space is typically ideal for businesses or organizations that require exclusive and dedicated use of the entire facility. This type of space suits industries or activities that demand specialized infrastructure, privacy, and control over the entire premises.

  • Reach out to listing brokers or property representatives using the contact form available on this page, to find out more about climate control and other essential systems at this property. Climate control is typically used in industrial buildings where businesses store items that are susceptible to temperature and humidity damage, such as food, pharmaceuticals, paper, textiles, and electronics.

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