93.8% Leased Neighborhood Center for Sale for $5.8 Million

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MEDWAY, MA – Gould’s Colonial Plaza is a 93.8% leased neighborhood center located at 74 Main Street in the Mass Pike West suburb of Medway, MA, and is on the market for $5.8 million.

Mansard will be exclusively offering the 43,875 SF Neighborhood Center at 74 Main Street for sale. The listing price for the property will be $5,795,000.

Tenants include Papa Gino’s, Tri County Medical, Smiles and More Dental, Medway Jewelers and Medway Café.

Jeremy Cyrier, CCIM, President and Commercial Real Estate Advisor of MANSARD weighed in on the opportunity: “This Mass Pike West Neighborhood Center offers an opportunity to acquire a stabilized retail center with rent roll upside. This is an ideal opportunity for a value focused investor.”

The Neighborhood Center is located near the intersection of Route 109 and Holliston Street with a traffic count of 14,303. Surrounding tenants include CVS Health, Shaw’s, Walgreens, Ocean State Job Lot, Dunkin’, Middlesex Savings Bank, Dollar Tree, Burger King, Bank of America, and Domino’s Pizza. The 5-mile radius trade features a robust median household income of $123,235 and a population of 74,505.