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Granite Heights Marketplace 208-240 Fortune Blvd 6,354 - 49,061 SF of Retail Space Available in Milford, MA 01757
HIGHLIGHTS
- Granite Hill Marketplace presents big-box retail space with the potential for flex/warehouse use within a half-mile of easy I-495 connectivity.
- Located in the Highway Industrial (IB) District of Milford, allowing for retail, office, life science, bio-manufacturing, and data center uses.
- Trader Joes Anchored Shopping Center
- Ideally situated between Boston and Providence, Rhode Island, with convenient access to major highway systems and robust surrounding demographics.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 30,000-42,707 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 6,354 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
208-210 Fortune Blvd - 1st Floor
240 Fortune Blvd - 1st Floor
Restaurant for lease ! Welcome to an unparalleled commercial opportunity at this newly renovated shopping center. For the first time in over 20 years, this prime restaurant site, previously occupied by TGIF, is now available for a new operator. Perfectly positioned between two I-495 on and off ramps, this property ensures high visibility and accessibility, drawing in substantial traffic. The property benefits from its proximity to high-traffic retailers, including a new Trader Joe's delivering an innovative shopping experience since late 2024, an upcoming Burlington, set to open by July 2025, and a newly expanded Target. These co-tenants increases the vehicular traffic and diverse clientele into the shopping center, making it a perfect location to elevate your business.
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Co-Tenancy (New Trader Joes - November 2024)
- Co-Tenancy (New Burlington -July 2025)
- Newley expanded Target (over 20,000 square feet)
- Positioned between two I-495 ramps
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT GRANITE HEIGHTS MARKETPLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Burlington
- Retailer
- -
- -
- Target
- Retailer
- -
- -
- Trader Joe's
- Supermarket
- 720
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Burlington | Retailer | - | - |
| Target | Retailer | - | - |
| Trader Joe's | Supermarket | 720 | National |
PROPERTY FACTS
| Total Space Available | 49,061 SF | Center Properties | 3 |
| Min. Divisible | 6,354 SF | Frontage | Fortune Blvd |
| Center Type | Power Center | Gross Leasable Area | 97,449 SF |
| Parking | 416 Spaces | Total Land Area | 54.78 AC |
| Stores | 5 | Year Built | 2017 |
| Total Space Available | 49,061 SF |
| Min. Divisible | 6,354 SF |
| Center Type | Power Center |
| Parking | 416 Spaces |
| Stores | 5 |
| Center Properties | 3 |
| Frontage | Fortune Blvd |
| Gross Leasable Area | 97,449 SF |
| Total Land Area | 54.78 AC |
| Year Built | 2017 |
ABOUT THE PROPERTY
Granite Hill Marketplace is an ideally positioned retail center with flex/warehouse potential in Milford, Massachusetts. Situated on 16.4 acres off Fortune Boulevard, the development totals 97,095 square feet across an upper lot big-box retail building with a big-box retail building and restaurant on the lower portion of the parcel. Space is available immediately for occupancy, with property features that include ample surface parking, over 22-foot ceiling clear heights, full air conditioning, tailboard loading docks, exceptional Interstate 495 visibility, and more. The center is situated within the Highway Industrial (IB) District of Milford and allows for a variety of uses. Benefit from incredible building adaptability for retail, office, manufacturing, production, life science research and development, bio-manufacturing/cGMP, data center, medical and many other uses. Plus, Granite Hill Marketplace is directly adjacent to major anchors such as Target and Lowe’s. Granite Hill Marketplace sits 30.3 miles southwest of Downtown Boston and 32.7 miles north of Providence, Rhode Island. Experience seamless connectivity to major highway systems and population centers with strategic access to Interstate 495 in a half mile and reach Route 9, Interstate 90, and Interstate 95 within minutes. A growing population of nearly 137,000 residents lives within a 15-minute drive from the property, representing an average household income exceeding $150,000 annually in addition to the yearly consumer spending of $4.5 billion dollars. Annual consumer spending within a mile is averaged at $16.1 million dollars.
NEARBY MAJOR RETAILERS
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Granite Heights Marketplace | 208-240 Fortune Blvd
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