118-124 Prospect St
Milford, MA 01757
Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer for sale the Hill Properties in Milford, MA. This offering consists the retail center at 114 – 126 Prospect Street, which is home to Advance Auto, Honey Dew Donuts, a local fitness center, and a freestanding Santander Bank. The tenant mix is a strong blend of national, regional and local tenants, highlighted by a standalone Santander Bank with 15 years left on their current lease term and (three) five-year options after that. The property is located on Route 140, a Massachusetts state highway that runs from the southeast part of the state through central Massachusetts, ending near the New Hampshire border. The site sees traffic counts in excess of 15,000 vehicles per day, and is surrounded by a mix of other retail properties, including a Bank of America, UniBank, Shaw’s Supermarket and Walgreens, as well as a number of office buildings, Medical facilities, the Milford District Court, and the Milford Regional Medical Center, a full-service, 145-bed, acute-care facility with over 300 primary care and specialty physicians on the medical staff. Milford is a suburban town in Worcester County, less than 20 miles from Worcester, and 40 miles from downtown Boston, making it a commutable distance from either city. There are more than 64,000 residents within a five-mile radius of the properties, and the area boasts an affluent population, with an average annual household income of greater than $118,000 within five miles of the site.