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Retail Space Near Suffolk Downs
For Lease
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40 Furlong Drive, Revere, MA 02151

Retail spaces available near future Suffolk Downs redevelopment project.

Space SizeContact for details
Days on Market159

Property Features for 40 Furlong Drive

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Boston
Listed By: Tyler Coady · License #9054391
Source: Cbre
Added: Mar 16 Changed: Aug 19 Last Checked: Aug 20 at 5:31AM

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.

Available for lease are two retail spaces: one measuring 3,776 square feet located between Stop & Shop, Mattress Firm, and Target, and another inline retail space of 1,603 square feet. The property is situated less than two miles from Logan International Airport and is adjacent to the planned 16.2 million square foot Suffolk Downs Redevelopment. This upcoming development is slated to include 10,000 residential units, 5.2 million square feet of life science and commercial office space, and 450,000 square feet of retail space. The location is just off Revere Beach Parkway, which sees a daily traffic count of 26,801 cars. The area is densely populated, with 30,000 residents living within a one-mile radius.

Key Highlights

  • Adjacent to the 16.2M SF Suffolk Downs Redevelopment (10,000 residential units, 5.2M SF life science/office, 450,000 SF retail)
  • Densely populated area with 30,000 residents within one mile
  • Located just off Revere Beach Parkway with 26,801 cars per day

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Auto Parts Store Law Firm Restaurant

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

Location Intelligence

Trade Area within ½ mile

503
Businesses Nearby
120k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 30% Dining 27% Shops & Services 18% Hotels & Casinos 14%
Stop & Shop Groceries
36,537 visits/mo 0.0 miles
Wendy's Dining
25,682 visits/mo 0.1 miles
Dollar Tree Shops & Services
18,816 visits/mo 0.2 miles
Hampton Inn Boston Logan Airport Hotels & Casinos
16,292 visits/mo 0.4 miles
Sport Clips Beauty & Spa
7,711 visits/mo 0.1 miles

Demographics for 02151, MA

62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
Median Home Value

Market

Lease Benchmarks for Revere, MA

$20.96 /SF/Yr
Avg Asking Price
$10.39–$30 /SF/Yr
Price Range
3,014 SF
Avg Space Size

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 space - Retail spaces available near future Suffolk Downs redevelopment project.
Where is this retail space located?
The property is located at 40 Furlong Drive Revere, MA.
What are key features of this property?
This property features: Adjacent to the **16.2M SF Suffolk Downs Redevelopment** (10,000 residential units, 5.2M SF life science/office, 450,000 SF retail); Densely populated area with 30,000 residents within one mile; Located just off Revere Beach Parkway with 26,801 cars per day
More about this property
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