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Grocery-Anchored Shopping Center For Rent
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303 E Central St, Franklin, MA 02038

Premier shopping center anchored by Shaws Supermarket in Franklin, MA.

Space Size25,014 SF
Property Size175,000 SF
Days on Market2262

Property Features for 303 E Central St

General Information

Standard status Active
Size 25,014 SF
Total Parking Spaces 971
Property subtype Retail

Building Details

Building Size 175,000 SF
Year Built 1964
Tenancy Multiple

Spaces For Lease

at 303 E Central St Contact us

Available Space D

Size
25,014 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Summit Realty Partners
Listed By: Chris McMahon · License #MA 9521925
Source: Crexi
Added: Jun 23, 2020 Changed: Aug 27 Last Checked: Aug 29 at 4:32AM

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 Summit Realty Partners

Investment Insights

Based on property information with market context.

Horace Mann Plaza is a 166,685 square foot grocery-anchored shopping center. It is located in the eastern portion of Franklin, MA, at the intersection of Route 140 and Chestnut Street. The shopping center is anchored by Shaws Supermarket. The tenant roster includes national and regional retailers such as Pet Supplies Plus, Tropical Smoothie Cafe, Altitude Trampoline Park, Aubuchon Hardware, Orangetheory Fitness, Citizens Bank, and Kumon. The shopping center is strategically situated on Route 140, a major thoroughfare in Franklin, with traffic counts of 13,597 vehicles per day on East Central Street and 9,620 vehicles per day on Chestnut Street. The shopping center offers light-controlled access, ample parking, and approximately 1,300 feet of frontage, providing excellent visibility.

Key Highlights

  • Anchored by Shaws Supermarket, a premier New England grocer.
  • Located at the intersection of Route 140 and Chestnut Street in Franklin, MA.
  • Diverse tenant roster of national and regional retailers.

Property Analytics

Current Use

Altitude Trampoline Park ... Family Recreation Center

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply (Bike/Boat/Book/etc) Store Garden Center Accounting Firm Auto Parts Store

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

434
Businesses Nearby
141k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Groceries 42% Dining 29% Shops & Services 19% Superstores 10%
Shaw's Supermarket Groceries
32,992 visits/mo 0.2 miles
Big Y World Class Market Groceries
26,546 visits/mo 0.2 miles
McDonald's Dining
23,547 visits/mo 0.1 miles
Big Lots Superstores
14,202 visits/mo 0.1 miles
Starbucks Dining
10,114 visits/mo 0.1 miles

Demographics for 02038, MA

33,261
Population
12,889
Households
2.6
Avg Household Size
41
Median Age
56%
College-Educated
97%
High-School Grad
26.6 sq mi
ZIP Area
1,250
Density / Sq Mi
$142,788
Median Household Income
$67,728
Median Earnings
$1,856
Median Rent
$567,100
Median Home Value

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
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Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM Big Y Foods, 348 E Central St, Franklin, MA 02038
  • Horace Mann Plaza 279 E Central St, Franklin, MA 02038
  • Coinstar Kiosk | Bitcoin ATM NAI, 255 East Central St., Franklin, MA 02038

Frequently Asked Questions

What type of property is this?
Shopping center - Premier shopping center anchored by Shaws Supermarket in Franklin, MA.
Where is this shopping center located?
The property is located at 303 E Central St Franklin, MA.
What are key features of this property?
This property features: Anchored by **Shaws Supermarket**, a premier New England grocer.; Located at the intersection of Route 140 and Chestnut Street in Franklin, MA.; Diverse tenant roster of national and regional retailers.
(781) 361-9033 Call to check price and availability
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