553 Main St
Tewksbury, MA

Marcus & Millichap is pleased to present the exclusive listing of 6 retail condo units (totaling 17,005 S.F.) in the Tewksbury Shopping Center, a 93,298 square foot shopping center located in desirable Tewksbury, MA market with a median household income of over $100,000 within a 1-mile radius. The offering is for 6 retail condo units (17.005 S.F.), which is part of the shopping center anchored by Ocean State Job Lot. The property has been very well maintained with substantial recent capital improvements, including a new parking lot and a new rubber roof in 2021. The monthly condo fees of $2,837 are paid to the Condo Association which covers property expenses and maintenance alleviating management responsibilities. The offering includes long-term retail tenants, some of which have been in the center for over 10 years, including the Barkery, which has been a tenant for over 20 years. The property is well located on Main Street, which is a dense retail corridor, off I-495, and features national credit tenants such as Walmart, Home Depot, IHOP, Marshalls, 99 Restaurant, Dunkin Donuts, and many regional tenants such as Hannaford Supermarket. The Tewksbury market is within 30 minutes of Boston and minutes to Lowell, the neighboring town. This is a unique opportunity to acquire a stabilized asset with strong real estate fundamentals, few landlord responsibilities, and long-term tenants while realizing a higher return. INVESTMENTHIGHLIGHTS Multitenant RetailCondo-LimitedLandlordResponsibilities-ProfessionallyManagedbyOSJ New Roof &Parking Lot in 2021 87.7% Occupied by LongTerm Tenants Located on Route 38/Main Street-Heavy Trafficked Major Retail Corridor-Neighboring National Credit Tenants-Shopping Center is Anchored by Ocean StateJ ob Lot (notpartofoffering) Conveniently Located Near I-495 Highly Visible -Easy Access from MainSt/Route 38