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Quarry Square Shopping Center 196 E Main St 57,200 SF 100% Leased Retail Building Milford, MA 01757 For Sale



EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to market for sale Quarry Square, a stabilized strip center located in Milford, MA anchored by local fitness and restaurant operators. The 8.6-acre asset is ideally situated along East Main Street, the submarket’s dominant artery that connects Milford to I-495, the major North-South thoroughfare that connects the major markets of Worcester and Lowell to I-90 and Boston. Totaling 56,004 square feet, Quarry Square is presently 100% leased to 17 retail tenants with 14.2 years of weighted average existing lease term. The offering allows investors to pursue one of the most sought-after asset classes – strip centers – while realizing returns through vacant and mark-to-market leasing opportunities. The leasing opportunities are tempered by the longevity of existing tenancy and unique Tenant use types in this market given rents are below market. Quarry Square is being offered without a formal asking price, free and clear of existing debt.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
57,200 SF
Building Class
B
Year Built
1988
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.18
Lot Size
7.28 AC
Zoning
IB - industrial/commercial
Parking
1,200 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Car Charging Station
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MILF-000032-000098-000017C | Improvements Assessment | $11,311,848 CAD |
| Land Assessment | $13,473,665 CAD | Total Assessment | $24,785,513 CAD |
PROPERTY TAXES
Parcel Number
MILF-000032-000098-000017C
Land Assessment
$13,473,665 CAD
Improvements Assessment
$11,311,848 CAD
Total Assessment
$24,785,513 CAD
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Quarry Square Shopping Center | 196 E Main St
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