Panera-Anchored Shopping
For Sale
Contact for pricing
100-120 Highland Avenue, Needham, MA 02494
Retail center with an established food-service anchor and an available suite for occupancy.
Property Size23,224 SF
Days on Market144
Property Features for 100-120 Highland Avenue
General Information
Standard status
Active
Size
23,224 SF
Property subtype
Retail
Site & Location
Anchor Co-Tenants
Panera
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
128 CRE Commercial Real Estate Agency
(617) 916-1028
Listed By:
Jeremy Freid · License #MA 9524339-RE-S
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 8:32PM
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 128 CRE Commercial Real Estate Agency
Investment Insights
Based on property information with market context.
Needham Gateway Shops is a 23,224-square-foot retail shopping center anchored by Panera. The offering includes 57 years of land lease rights and a 2,169-square-foot vacant space within the center. The property also includes the F.W. Webb space, identified with below-market rent in the source information.
The center sits at the intersection of Highland Avenue and 2nd Avenue in Needham, Massachusetts, within the N2 Innovation District. Surrounding context includes NBC Universal, Trip Advisors, Shark Ninja, Toll Brothers Apartment Living, Northland Development, Newton Nexus, and Mount Ida College. Regional access is supported by the Highland Avenue and Needham Street MassDOT Expansion Project and the Kendrick Street exit on Route 128.
The center sits at the intersection of Highland Avenue and 2nd Avenue in Needham, Massachusetts, within the N2 Innovation District. Surrounding context includes NBC Universal, Trip Advisors, Shark Ninja, Toll Brothers Apartment Living, Northland Development, Newton Nexus, and Mount Ida College. Regional access is supported by the Highland Avenue and Needham Street MassDOT Expansion Project and the Kendrick Street exit on Route 128.
Key Highlights
- 23,224 SF retail shopping center anchored by Panera
- 57 years of land lease rights
- 2,169 SF vacant space available within the center
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,956
Businesses Nearby
182k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Home Improvements & Furnishings 15%
Dining 13%
Office Supplies 13%
HomeGoods
Home Improvements & Furnishings
27,618 visits/mo
0.4 miles
Michaels
Shops & Services
23,306 visits/mo
0.5 miles
Staples
Office Supplies
22,973 visits/mo
0.2 miles
Panera Bread
Dining
16,247 visits/mo
0.1 miles
Restaurant Depot
Groceries
15,528 visits/mo
0.3 miles
Demographics for 02494, MA
10,732
Population
4,254
Households
2.5
Avg Household Size
43
Median Age
75%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
3,833
Density / Sq Mi
$173,750
Median Household Income
$92,148
Median Earnings
$2,452
Median Rent
$1,052,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- The Shops at 300 Needham — 300 Needham St, Newton, MA 02464
- Home Design Place — 230-244 Needham St, Newton, MA 02464
- Newton Nexus — 165 Needham St, Newton, MA 02464
- Needham Street Village Shops — 55 Needham St, Newton, MA 02461
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with an established food-service anchor and an available suite for occupancy.
Where is this shopping center located?
The property is located at 100-120 Highland Avenue Needham, MA.
What are key features of this property?
This property features: 23,224 SF retail shopping center anchored by Panera; 57 years of land lease rights; 2,169 SF vacant space available within the center
