Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Building Area
Land Area ()

Property Description

JLL Capital Markets is pleased to offer for sale the fee position in the Sears box and auto center in Marlborough, Massachusetts. Located on 10 acres as part of the well-established, Solomon Pond Mall, the Sears property offers investors a unique opportunity to reposition an existing 137,000 square foot box. Notably, the property is located within the town’s “Limited Industrial” zoning which allows both retail and industrial use by right.

Investment Highlights

  • Excellent regional location at the intersection of I-495 and I-290
  • 10.1 acre parcel
  • Well positioned off I-290 and just 2 miles from I-495, which collectively see over 175,000 cars per day
  • Dense and Affluent trade area, with nearly 300,000 people living within a 10-mile radius earning average household incomes of over $138,000
  • Flexible zoning enables industrial redevelopment as well as retail backfill
  • Adjacent to nearby Solomon Pond Park, a 163-acre, nine building office, R&D and flex campus
Last Updated Date: 28 May 2021
Chris Angelone
Chris Angelone
Senior Managing Director, Retail Group Leader
Lenny Pierce
Lenny Pierce
Director, Capital Markets
License details
MA-9535848

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Last Updated Date: 28 May 2021

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