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Drive-Through Restaurant Retail Opportunities
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480 Boston Rd, Billerica, MA 01821

Center redevelopment includes a freestanding drive-thru restaurant concept and new in-line and endcap retail spaces.

Space Size3,815 SF
Days on Market685

Property Features for 480 Boston Rd

General Information

Standard status Active
Size 3,815 SF
Property subtype RETAIL

Site & Location

Traffic Count 25,349 vehicles/day
Road Access Yes

Additional Details

Multifamily Units 200

Spaces For Lease

at 480 Boston Rd
480 Boston Rd AVAILABLE, Now
Floor 1
Size 3,815 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Redevelopment of center to include a 4-story, 200 unit residential complex, along with new retail opportunities including freestanding restaurant with drive-thru, in-line space and endcap restaurant or retail space - New Outparcel Under Construction: Join Starbucks & Chase - 30,011 SF, 43,725 SF, and 69,560 SF Big Box Spaces Available - 1,901 - 11,645 SF Small Shop Space - 25,349 ADT on Route 3A - Fully Signalized Access - New 200 Unit Residential Development Under Construction
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Listing Agency: Atlantic Retail - Corporate
Listed By: Brian Roache
Source: Moodyscre
Added: Dec 13, 2024 Changed: Oct 26 Last Checked: Oct 28 at 9:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Retail - Corporate

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Investment Insights

Based on property information with market context.

This retail center is undergoing redevelopment to add new retail opportunities alongside a new 4-story, 200-unit residential complex currently under construction. Plans include a freestanding restaurant with drive-thru, as well as in-line space and endcap restaurant or retail space.

An additional outparcel is under construction to join Starbucks and Chase. The site has fully signalized access and reports approximately 25,349 ADT on Route 3A, supporting a variety of tenant footprints, including multiple big box options and smaller shop spaces.

Available retail configurations range from small shop sizes through larger boxes, providing flexibility for operators seeking storefront, endcap, or drive-thru visibility as the redevelopment progresses.

Key Highlights

  • New 200‑unit residential development is under construction as part of the center redevelopment
  • New retail opportunities include a freestanding restaurant with drive‑thru plus in‑line and endcap restaurant/retail space
  • New outparcel under construction—join Starbucks & Chase

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Ma's Dry Cleaners (Bike/Boat/Book/etc) Store Threading Forever Hair Salon Billerica Smoke Shop (Bike/Boat/Book/etc) Store Mall News (Bike/Boat/Book/etc) Store Maryam Moghtader Dental Office

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply Hotel & Motel

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

200
Residential units
25,349 VPD
Traffic count
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

500
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 44% Dining 30% Superstores 18% Apparel 6%
Dollar Tree Shops & Services
16,967 visits/mo 0.0 miles
Dunkin' Donuts Dining
15,009 visits/mo 0.2 miles
Big Lots Superstores
14,327 visits/mo 0.1 miles
KFC Dining
6,946 visits/mo 0.3 miles
Bank of America Shops & Services
6,507 visits/mo 0.3 miles

Demographics for 01821, MA

30,909
Population
11,666
Households
2.6
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
16.6 sq mi
ZIP Area
1,862
Density / Sq Mi
$142,564
Median Household Income
$65,056
Median Earnings
$2,211
Median Rent
$581,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Similar Off Market Nearby

  • Shops at Billerica — 480 Boston Rd, Billerica, MA 01821

Frequently Asked Questions

What type of property is this?
Shopping center - Center redevelopment includes a freestanding drive-thru restaurant concept and new in-line and endcap retail spaces.
Where is this shopping center located?
The property is located at 480 Boston Rd Billerica, MA.
What are key features of this property?
This property features: New 200‑unit residential development is under construction as part of the center redevelopment; New retail opportunities include a freestanding restaurant with drive‑thru plus in‑line and endcap restaurant/retail space; New outparcel under construction—join Starbucks & Chase
(617) 239-3638 Call to check price and availability
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