Shops at The Pond | Marlborough, MA
100% Lease Neighborhood Center | Marlborough, MA
Marketing description
Atlantic Capital Partners has been exclusively engaged to market for sale Shops at the Pond, a neighborhood shopping center ideally positioned in Marlborough, Massachusetts. The asset, anchored by Best Buy and complemented by DSW, Pure Hockey, Dollar Tree, and Olive Garden, is one of the most desirable neighborhood centers in the Marlborough submarket given the property’s exceptional visibility, access, and market co-tenancy.
The 16.03-acre site is ideally positioned along Donald Lynch Boulevard, one of the dominant retail corridors in the market and I-290 which sees 80,079 vehicles per day. As a fully leased neighborhood center in one of the strongest retail markets in Greater Boston’s MetroWest region, the Shops at the Pond serves a regional trade area with an average household income of $151,005 within a 5-mile radius.
This institutional offering is being marketed free-and-clear of existing debt without a formal asking price subject to a Call for Offers structure.
Investment highlights
- 104,125 SF, 100% leased neighborhood center anchored by Best Buy (45,000 SF / Mar-2032) - recently executed a 5-year renewal, its only store within a 12-mile radius; complemented by DSW, Pure Hockey, Dollar Tree, and Olive Garden (ground lease outparcel)
- Investment-grade Olive Garden (BBB / Baa2) occupies a separately parceled freestanding ground lease outparcel — embedded value creation opportunity via standalone sale or disposition strategy while retaining ownership of the shopping center
- Pure Hockey is the #2 location in the state and top 85% of chain per Placer.ai; directly benefits from the New England Sports Center (largest privately owned ice sports facility in North America) — 1.5M+ visitors/year — as an immediate co-tenant demand driver
- Top 74% community shopping centers; 35-min avg customer stay; 74.8% of visitors are Massachusetts residents; 205,940 people within 15 minutes; $125,198 AHHI
- Exceptional access & visibility: positioned at I-290/I-495 interchange — I-290 (80,079 VPD) and I-495 (95,142 VPD); situated directly in front of Solomon Pond Mall; 25 miles west of Boston in MetroWest's dominant retail corridor
- Marlborough market: ~32,000 daily employees | $4B annual payroll | HQ for Boston Scientific and Hologic | Platinum BioReady™ life sciences cluster | #2 hotel market in New England | 2.3% unemployment rate
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