Newmark Knight Frank has been exclusively retained to sell Boston Road Plaza, a 128,104 square foot, grocery-anchored shopping center that is currently owned by its largest tenant, Raymour & Flanigan. Presently 100% leased to seven retailers with 72% credit tenancy, the property comprises two buildings – an anchor/junior anchor building occupied by Raymour & Flanigan, Price Rite, Grossman’s Bargain Outlet and Laundry Unlimited and a highly visible outparcel occupied by Popeyes, Subway and Noble Family Dental. Boston Road Plaza benefits from prominent positioning and signage at a signalized intersection along Boston Road (Route 20), a major four-lane thoroughfare, within one of Springfield’s most densely populated neighborhoods. The asset is being offered significantly below replacement cost, without a formal asking price and free and clear of existing debt.
| Parcel Number | SPRI-001655-000000-000657 | Improvements Assessment | $4,194,100 |
| Land Assessment | $4,090,800 | Total Assessment | $8,284,900 |
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