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    OFF-MARKET
    Lifestyle centers

    250 Franklin Village Dr, Franklin, MA 02038

    303,144 SF Built 1987
    Property ID
    Property summary
    AI-generated overview

    Franklin Village Plaza, a premier shopping center in Norfolk County, Massachusetts, offers a unique retail investment opportunity. This 303,144 square foot center, situated on a 33.66-acre lot, boasts 1,486 parking spaces and is conveniently located off Route I-495, Exit 17, serving the greater Boston area. Built in 1987, the property currently features four suites, with 9,050 square feet of vacant space available. Spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 3,200 square feet. The center enjoys high foot traffic due to its strategic location and diverse tenant mix, including national brands like Marshalls, Men's Warehouse, Bob's Discount Furniture, and Panera Bread, as well as a Stop & Shop anchor tenant. In addition to these established businesses, Franklin Village Plaza houses several popular local businesses, offering a unique blend of national and local retail experiences. This diverse tenant roster caters to a broad range of customer needs, ensuring consistent foot traffic and strong potential for future growth. The property's ample parking and convenient location make it an attractive destination for shoppers in the region. This is an exceptional opportunity to acquire a well-established retail property in a thriving market.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 1987
    Total area 303,144 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • LongHorn Steakhouse Restaurant
    • Franklin Village Plaza Shopping Center & Mall
    • Tesla Supercharger Electric Vehicle Charging Station
    • Mattress Firm Franklin Furniture & Home Goods
    Value estimations
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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