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Hannaford's Plaza 118 Lancaster St
1,690 - 9,526 SF of Retail Space Available in Leominster, MA 01453
Highlights
- 62,000 +/- square foot grocery anchored shopping center located in Leominster, MA
- Positioned along the heavily traveled Route 117 corridor
- This site benefits from ample parking, Hannaford co-tenancy and excellent signage
- Neighborhood shopping center is anchored by premier grocer Hannaford Supermarket
- Neighboring retailers include CVS, Dunkin, Fisher Auto Parts, Walgreen’s and more
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 112-118 | 7,836 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $6,530 /MO $78,360 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 3 | 1,690 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $161.46 /m²/YR $13.45 /m²/MO $2,113 /MO $25,350 /YR | Triple Net (NNN) |
117 Lancaster St - 1st Floor - Ste 112-118
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
117 Lancaster St - 1st Floor - Ste 3
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Hannaford's Plaza
- Tenant
- Description
- US Locations
- Reach
- Hannaford
- Supermarket
- 253
- Regional
- Pelletier Brothers Inc
- Real Estate
- 1
- -
- T&S Liquors
- Liquor
- 1
- -
| Tenant | Description | US Locations | Reach |
| Hannaford | Supermarket | 253 | Regional |
| Pelletier Brothers Inc | Real Estate | 1 | - |
| T&S Liquors | Liquor | 1 | - |
PROPERTY FACTS FOR 118 Lancaster St , Leominster, MA 01453
| Center Type | Neighborhood Center | Gross Leasable Area | 62,094 SF |
| Parking | 200 Spaces | Total Land Area | 5.88 AC |
| Stores | 7 | Year Built | 1961 |
| Center Properties | 1 | Cross Streets | Cedar St |
| Frontage |
| Center Type | Neighborhood Center |
| Parking | 200 Spaces |
| Stores | 7 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 62,094 SF |
| Total Land Area | 5.88 AC |
| Year Built | 1961 |
| Cross Streets | Cedar St |
About the Property
112-118 Lancaster Street is a 62,000 +/- square foot grocery anchored shopping center located in Leominster, MA. This neighborhood shopping center is anchored by premier grocer Hannaford Supermarket. Positioned along the heavily traveled Route 117 corridor, this site is situated in a densely populated trade area about a ¼ mile south of downtown. Tenants located in this center include T & S Liquor Store and Keep It Clean Laundry. Neighboring retailers include CVS, Dunkin, Fisher Auto Parts, Walgreen’s and more. This site benefits from ample parking, Hannaford co-tenancy and excellent signage making it a great location for local, regional or national retail businesses.
- Signage
-
Power Broker Chris McMahon -
Danny Schwarz -
Gabrielle Siddiqi -
Summit Realty Partners
Presented by
Hannaford's Plaza | 118 Lancaster St
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