Listing Agency: d**@dmgbrokerage.com Show Phone

Listed By: Daniel Show Phone

Added: Dec 25, 2024 Changed: Mar 16

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Investment Insights

Based on property information with market context.

Located at 14 McGrath Hwy in Somerville, Massachusetts (zip code 02143), this retail space offers approximately 15,580 square feet on the first floor. The property is available via sublease, expiring April 30, 2028, at a discounted annual rate of $10.00 per square foot. Part of the Twin City Plaza, a mixed-use development, the property is situated just north of Kendall Square, on the Cambridge/Somerville city line. It benefits from a location alongside national retailers such as Star Market, Dollar Tree, Marshalls, and K&G. The area demonstrates significant residential density, with over 1,000,000 residents and over 400,000 households within a 5-mile radius, resulting in an average daily traffic count exceeding 30,000. Multiple pylon signs are available for visibility. The property is classified as both retail residential and mixed-use.

Property Analytics

Current Use

Star Market Grocery & Convenience Store Somerville Secure Locksmiths Locksmith Walgreens Photo (Bike/Boat/Book/etc) Store Boston Sports Medicine ... Medical Clinic AAA Physical Therapy ... Medical Clinic

Suggested Use

Top Pick Law Firm Real Estate Agency Nail Salon Accounting Firm (Bike/Boat/Book/etc) Store Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

3,229

Businesses Nearby

145k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 50% Dining 25% Shops & Services 20% Hotels & Casinos 4%

Market Basket Groceries

72,973 visits/mo 0.3 miles

Burger King Dining

21,589 visits/mo 0.5 miles

Dunkin' Donuts Dining

7,580 visits/mo 0.5 miles

Dunkin' Donuts Dining

7,431 visits/mo 0.3 miles

Mobil Shops & Services

7,304 visits/mo 0.5 miles

Demographics for 02143, MA

26,022

Population

12,901

Households

2

Avg Household Size

33

Median Age

74%

College-Educated

95%

High-School Grad

1.5 sq mi

ZIP Area

17,348

Density / Sq Mi

$126,102

Median Household Income

$73,055

Median Earnings

$2,424

Median Rent

$930,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail residential property - Retail | Single tenant | 15,580 sq. ft.

Where is this retail residential property located?

The property is located at 14 McGrath Hwy Somerville, MA.

What is the lease rate?

The lease rate is $10 SF/Yr.