255 Grossman Drive | Braintree, MA
$11.22M - 7.25% CAP Rate | 255 Grossman Drive | Braintree, MA | Two-Tenant Retail Opportunity
Marketing description
Atlantic Capital Partners has been exclusively engaged to market for sale 255 Grossman Drive, a two-tenant retail condominium located within a premier super-regional power center in Braintree, Massachusetts. Anchored by Guitar Center and Five Below, the property represents a dominant component of the condominium association and one of the most desirable retail assets in the local market, benefiting from exceptional visibility, access, and co-tenancy.
The 27,500-square-foot property is strategically positioned just off Route 3, the primary highway serving Boston’s affluent South Shore communities, with daily traffic counts exceeding 106,000 vehicles. The center serves a robust regional trade area encompassing more than 240,000 residents within a five-mile radius, solidifying its position as the most prominent power center in one of Greater Boston’s strongest retail markets.
This institutional-quality asset is being offered at a formal asking price of $11,220,000, equating to a 7.25% CAP rate.
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