Net-Leased Shopping
For Sale
Contact for pricing
510 Parker St, Springfield, MA 01129
Multi-tenant retail property occupied by Planet Fitness, Auto Zone, Dollar Tree, and Frontera Grill.
Property Size57,691 SF
Lot Size5.20 Acres
Days on Market144
Property Features for 510 Parker St
General Information
Standard status
Active
Size
57,691 SF
Lot size
5.20 Acres
Property subtype
Retail
Occupancy
100%
Financials
Asking Price
$12,000,000
Cap Rate
6.5%
Additional Details
Traffic Count
34,000 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
New England Retail Properties Inc
(860) 729-6810
Listed By:
Tammy Marren · License #CT
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 8:06PM
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 New England Retail Properties Inc
Investment Insights
Based on property information with market context.
This 57,691 SF shopping center sits on approximately 5.2 acres and is fully leased under a net-lease structure. The tenant roster includes Planet Fitness, Auto Zone, Dollar Tree, and Frontera Grill, creating a multi-occupant retail configuration with established commercial users.
The property is positioned at the junction of Parker Street and Boston Road in Springfield, with connections to Route 21 and Route 20. The surrounding retail corridor records over 34,000 vehicles per day, and the site is approximately 2.5 miles from Interstate-90, also known as the Mass Pike. More than 425,000 people are located within a ten-mile radius, providing substantial population context for the center.
The property is positioned at the junction of Parker Street and Boston Road in Springfield, with connections to Route 21 and Route 20. The surrounding retail corridor records over 34,000 vehicles per day, and the site is approximately 2.5 miles from Interstate-90, also known as the Mass Pike. More than 425,000 people are located within a ten-mile radius, providing substantial population context for the center.
Key Highlights
- 57,691 SF shopping center on approximately ±5.2 acres
- 100% net leased with Planet Fitness, Auto Zone, Dollar Tree, and Frontera Grill
- Located at Parker Street and Boston Road, connecting Route 21 and Route 20
Property Analytics
Property Profile
Current Use
Lease Details
34,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
322k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Dining 26%
Apparel 17%
Shops & Services 13%
Walmart
Superstores
105,257 visits/mo
0.5 miles
Marshalls
Apparel
46,021 visits/mo
0.2 miles
Aldi
Groceries
24,147 visits/mo
0.2 miles
Dollar Tree
Shops & Services
22,838 visits/mo
0.1 miles
Golden Corral
Dining
15,785 visits/mo
0.3 miles
Demographics for 01129, MA
7,024
Population
2,699
Households
2.6
Avg Household Size
43
Median Age
31%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
2,066
Density / Sq Mi
$92,500
Median Household Income
$49,316
Median Earnings
$1,325
Median Rent
$239,200
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 - Multi-tenant retail property occupied by Planet Fitness, Auto Zone, Dollar Tree, and Frontera Grill.
Where is this shopping center located?
The property is located at 510 Parker St Springfield, MA.
What are key features of this property?
This property features: 57,691 SF shopping center on approximately ±5.2 acres; 100% net leased with Planet Fitness, Auto Zone, Dollar Tree, and Frontera Grill; Located at Parker Street and Boston Road, connecting Route 21 and Route 20
