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Medway Place 98-116 Main St
1,200 - 4,464 SF of Retail Space Available in Medway, MA 02053
Highlights
- Standalone building great for bank or restaurant. Features drive-thru.
- Traffic count of approximately 28,000 cars per day.
- Easy access from Route 126 and Interstate 495.
- Over 1,000 linear feet of frontage on Route 109.
- Approximately 300 space parking lot, 40+ directly surrounding Bank of America building.
- 115,134 square foot plaza housing more than 20 retail stores.
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,200 SF | Negotiable | £15.80 /SF/PA £1.32 /SF/MO £170.07 /m²/PA £14.17 /m²/MO £18,960 /PA £1,580 /MO | Triple Net | ||
| 1st Floor, Ste Standalone Building | 3,264 SF | Negotiable | £27.65 /SF/PA £2.30 /SF/MO £297.63 /m²/PA £24.80 /m²/MO £90,251 /PA £7,521 /MO | Triple Net |
92-116 Main St - 1st Floor
Great Restaurant Space with Kitchen Hood. LEASE PENDING
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
108 Main St - 1st Floor - Ste Standalone Building
Currently utilized as a Bank. Great location free standing two story building with Drive through.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
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 agent 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 Medway Place
- Tenant
- Description
- US Locations
- Reach
- Anytime Fitness
- Fitness
- 3,212
- International
- Bank of America
- Bank
- 6,958
- International
- Ocean State Job Lot
- -
- -
- -
- O'reilly Auto Parts
- Automotive
- 22,107
- National
- Rocky's Hardware
- -
- -
- -
| Tenant | Description | US Locations | Reach |
| Anytime Fitness | Fitness | 3,212 | International |
| Bank of America | Bank | 6,958 | International |
| Ocean State Job Lot | - | - | - |
| O'reilly Auto Parts | Automotive | 22,107 | National |
| Rocky's Hardware | - | - | - |
PROPERTY FACTS FOR 98-116 Main St , Medway, MA 02053
| Centre Type | Neighborhood Center | Gross Leasable Area | 116,820 SF |
| Parking | 478 Spaces | Total Land Area | 13.54 AC |
| Stores | 22 | Year Built | 1988 |
| Centre Properties | 3 | Cross Streets | Holliston St |
| Frontage | 665 ft on Main St |
| Centre Type | Neighborhood Center |
| Parking | 478 Spaces |
| Stores | 22 |
| Centre Properties | 3 |
| Frontage | 665 ft on Main St |
| Gross Leasable Area | 116,820 SF |
| Total Land Area | 13.54 AC |
| Year Built | 1988 |
| Cross Streets | Holliston St |
About the Property
The Medway Place is a 115,134 square foot plaza with over 1,000 linear feet of frontage on Route 109 which was recently repaved through a major Mass DOT project. As part of this project we secured a new signalized intersection, which has been installed, at one of our three entrances. The traffic count is approximately 23,000 +/- cars per day. We have installed new entrance signage, repainted the plaza, installed new landscaping and are waiting on municipal approval to repave the parking lot which has 300 spaces approximately. Existing tenants include Ocean State Job Lot, O’Reilly Auto Parts, Anytime Fitness, Bank of America, a Children’s Gym, multiple restaurants and independent local operators. “ The Medway Shopping Center offers easy access from Route 126 and Interstate 495. Ideal location for retail stores, medical uses, or any business seeking a prominent, high-visibility store front.
- Banking
-
Trisha Holland -
Diversified Funding, Inc.
Presented by
Medway Place | 98-116 Main St
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