Freestanding Retail Shopping
For Sale
Contact for pricing
Pending
255 Grossman Drive, Braintree, MA 02184
Fully leased retail condominium with two established retail occupants and extended lease term.
Property Size27,500 SF
Days on Market143
Property Features for 255 Grossman Drive
General Information
Standard status
Pending
Size
27,500 SF
Property subtype
Retail
Occupancy
100%
Financials
Asking Price
$12,230,000
Cap Rate
6.75%
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
CBRE - Boston
(617) 953-0152
Listed By:
Nat Heald · License #MA 9088276-RE-S
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 4:35PM
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 CBRE - Boston
Investment Insights
Based on property information with market context.
This freestanding retail condominium comprises a 27,500-square-foot building within Marketplace at Braintree. Guitar Center leases the property through an additional 8 years, occupying a 16,000-square-foot suite while subleasing 11,260 square feet to Five Below. The lease includes 2% annual rent increases, providing a defined contractual growth component.
The property is in Braintree, Massachusetts, 10 miles south of Boston and directly adjacent to Route 3. Its setting within an established shopping center places the building alongside an existing retail environment. The condominium structure, full-building lease, and separate retail occupancy create a straightforward configuration for evaluating the asset and its contractual income profile.
The property is in Braintree, Massachusetts, 10 miles south of Boston and directly adjacent to Route 3. Its setting within an established shopping center places the building alongside an existing retail environment. The condominium structure, full-building lease, and separate retail occupancy create a straightforward configuration for evaluating the asset and its contractual income profile.
Key Highlights
- 27,500‑square‑foot freestanding retail condominium
- Guitar Center lease has an additional 8 years of term
- Guitar Center occupies a 16,000‑square‑foot suite
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02184, MA
39,143
Population
15,032
Households
2.6
Avg Household Size
42
Median Age
47%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,836
Density / Sq Mi
$125,305
Median Household Income
$65,542
Median Earnings
$1,925
Median Rent
$623,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail condominium with two established retail occupants and extended lease term.
Where is this shopping center located?
The property is located at 255 Grossman Drive Braintree, MA.
What are key features of this property?
This property features: 27,500‑square‑foot freestanding retail condominium; Guitar Center lease has an additional 8 years of term; Guitar Center occupies a 16,000‑square‑foot suite
