501 TECHNOLOGY CENTER DR Stoughton MA 02072-4720

Atlantic Capital Partners has been engaged to offer 501 Technology Center Dr in Stoughton, MA, a free-standing, single-tenant asset currently occupied by Kohl’s. The asset features prominent visibility and seamless access to Route 24, a major interstate connecting two of Metro Boston’s highways (Interstate 95 and Interstate 495), making it one of the most desirable retail and distribution corridors servicing the Boston MSA. Evidence of the desirability of the immediate area, some of the most notable retailers are located within minutes of the site, including IKEA (New England’s sole location), Costco, Target, Home Depot and BJ’s Wholesale Club. Furthermore, on the industrial side, Technology Drive serves as a regional hub for Amazon, which operates two separate fulfillment facilities within minutes of the site.

Situated at 501 Technology Center Dr, the 89,136 square foot building has been leased to Kohl’s since 2003. The asset is being offered for sale, free-and-clear of existing debt.

• Exceptional Location

  • Situated just off Exit 38A along Rt 24, the asset offers immediate access to Greater Boston with Interstate 93 located just 3 miles to the north

• Strong Demographics

  • Stoughton’s immediate trade-area pulls from an affluent customer base featuring three- and five-mile demographics of 63,658 people earning $97,241 and 150,122 people earning $100,416, respectively

• Thriving Industrial Market

  • Boston’s industrial market has seen continued growth with high barriers to entry due to lack of available land and high construction costs, realizing 10.4% YoY rent growth as of 2Q22.

• Attractive Underlying Zoning

  • The site currently resides in a Highway Business (HB) zone, affording uses that include retail, industrial, wholesale and transportation.

• Redevelopment Potential with Limited Downside

  • The 11.82-acre site affords near-term cash flow and boasts several redevelopment attributes including the potential to expand and repurpose the box to accommodate distribution or industrial.