Description

JLL Capital Markets presents the exclusive opportunity to acquire Golden Triangle Shopping Center, a 44,556 SF, 100% leased, four tenant infill shopping center in the dominant Framingham / Natick retail node, less than 20 miles from downtown Boston. The Property is leased to Bob’s Discount Furniture, Burtons Grill & Bar, Banfield Pet Hospital and The Vitamin Shoppe, and is shadow anchored by Shoppers World (#1 most visited community shopping center in MA) and Natick Mall (#2 most visited super-regional mall in MA).

Near-term lease rollover with below market in-place rents gives investors a significant value-add opportunity. The Property is exceptionally well located along the 57,000 VPD Boston-Worcester Turnpike (Route 9), set within the “Golden Triangle", the central commercial hub of MetroWest Massachusetts. Strong demographics support the location, with 450k residents within a 10-mile radius earning an average household income of $239k per year. Golden Triangle Shopping Center offers investors irreplaceable real estate in a thriving, high barrier to entry market with tangible near-term upside.

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Attributes

Building area net

4,139 sm

Occupancy

100%

Land area gross

2.31 ha

WALT

3.9 years

Media

Investment highlights

44,556 SF infill shopping center, 100% Leased to a national tenant roster including Bob’s Discount Furniture, Burtons Grill & Bar, Banfield Pet Hospital and The Vitamin Shoppe

Performing tenancy with achievable mark-to-market upside

Super regional retail market anchored by Shoppers World (#1 most visited community shopping center in MA) and Natick Mall (#2 most visited super regional mall in MA)

Highly visible and accessible location on Route 9 (57,000 VPD) between two signalized intersections and 1.6 miles from I-90 (127,000 VPD)

Affluent and dense demographics - within 10 miles, 450k residents, $239K average household income, $1.0MM average home value and 524k daytime population