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27979926
27979925

255 Grossman Dr, Braintree, MA 02184

ME
MA 9571461
Atlantic Retail Boston
DT
MA 9569555
Atlantic Capital Partners
CP
MA 9533428
Atlantic Capital Partners
Listed by Atlantic Retail Boston, Atlantic Capital Partners
$11,200,000
221 days on market
Updated 132 days ago

255 Grossman Drive | Braintree, MA

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 27,500
Net Rentable (SqFt) 27,500
Units 2
Cap Rate 7.25%
Occupancy 100%
Tenancy Multi
Brand/Tenant Five Below, Guitar Center
Lease Type NNN
Price per SqFt $407
Class A
Investment Type Core+
Sale Condition For sale by owner

$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.

Investment highlights

Listing Contacts

ME
MA 9571461
Atlantic Retail Boston
DT
MA 9569555
Atlantic Capital Partners
CP
MA 9533428
Atlantic Capital Partners
Listed by Atlantic Retail Boston, Atlantic Capital Partners

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Additional Information

Name
Matt Ericson
License
9571461
Brokerage Phone
617-239-3600
Name
Danielle Turpin
License
9569555
Brokerage
Atlantic Capital Partners
Brokerage Phone
9788660855
Title
Associate
Brokerage Address
55 Huntington Avenue
Name
Chris Peterson
License
9533428
Brokerage
Atlantic Retail
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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