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Property profile

303 Central St Franklin, MA 02038

OFF-MARKET
Retail properties & Spaces
175,000 SF Built 1964
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Property summary

AI-generated overview

Horace Mann Plaza offers exceptional retail space in a thriving Franklin, MA location. This 175,000 square foot, grocery-anchored shopping center, renovated in 2016, features a diverse mix of national and regional tenants including Shaw's Supermarket, Dollar Tree, Big Lots, Aubuchon Hardware, Altitude Trampoline Park, Citizens Bank, and Kumon. Situated at the intersection of Route 140 and Chestnut Street, the property enjoys high visibility and accessibility with over 20,000 vehicles passing daily. The 16.99-acre site provides ample parking (971 spaces) and excellent frontage (approximately 1,300 feet). Spaces range from 2,630 to 9,335 contiguous square feet, with one currently available space measuring 1,809 square feet. The property is zoned Commercial II and boasts light controlled access. Built in 1964, this center benefits from its prime location and strong tenant roster, making it an ideal opportunity for retailers seeking high traffic and visibility in a well-established shopping center. The property's location in Norfolk County, Massachusetts, offers easy access to major transportation routes and a strong local customer base.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1964
Total area 175,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Family Recreation Center

Location

303 Central St Franklin, MA 02038
Franklin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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