2 Hawes Way

Stoughton, MA 02072

Listing ID: 215031
$4,088,000
For Sale
  • Property Type Retail : Food Service
  • Lot Size Acres 3.030
  • Building Sq Ft 5,900
  • Building Price per Sq Ft $692.88
  • Land Sq Ft 131,986
  • Land Price per Sq Ft $30.97
  • NOI $280,000
  • CAP Rate % 6.85
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Description

Mid-America Real Estate Corporation, in cooperation with The Dartmouth Company, a licensed Massachusetts broker, is pleased to present TGI Fridays located at 2 Hawes Way in Stoughton, Massachusetts. The site is located approximately 18 miles south of downtown Boston. The property is positioned at a signalized hard corner outlot within the Shoppes at Page Pointe, a retail development anchored by Target and LA Fitness. Stoughton is a dense and affluent suburban community of Boston, where there are 152,000 residents in a five-mile radius that have an average household income of $106,000. The subject offering is comprised of a 5,900 square foot retail building situated on a large 3.03-acre parcel. TGI Fridays has occupied this site for over 12 years and recently extended their ground lease in 2020 for an additional 10 years of term, demonstrating a strong commitment to the site. The asset’s location in a dense and affluent suburban community at a signalized hard corner with excellent traffic exposure, combined with TGI Fridays long-term history at the site and recent 10-year lease extension, make it an excellent net lease investment opportunity.

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population3,82462,337157,672
Population Median Age424141
Population by Age0-9 Yrs369 (9%)6899 (11%)17375 (11%)
10-19 Yrs329 (8%)7145 (11%)19827 (12%)
20-29 Yrs649 (16%)7859 (12%)18343 (11%)
30-39 Yrs398 (10%)7926 (12%)20446 (12%)
40-49 Yrs557 (14%)7858 (12%)20059 (12%)
50-59 Yrs518 (13%)9518 (15%)23595 (14%)
60-69 Yrs434 (11%)8267 (13%)19915 (12%)
70+ Yrs571 (14%)6865 (11%)18112 (11%)
Median HH Income$84,824$81,363$81,679
Total Household Income< 24K183 (13%)3081 (13%)8722 (15%)
25-49K189 (13%)3741 (16%)9514 (16%)
50-74K250 (18%)3783 (16%)8651 (15%)
75-99K169 (12%)2875 (12%)7281 (12%)
100-199K401 (29%)7463 (32%)17784 (30%)
200K+185 (13%)1731 (7%)5714 (9%)
Highest Education LevelNo Diploma383487712035
Diploma or GED9141283030039
Some College504816919857
Assoc. Degree284457110473
Bachelors Degree445872023704
Higher Degree369522914606
Total Housing Units1,45024,00160,670
--Owner-Occupied90715,13939,733
--Renter-Occupied4707,53617,933
Owner-Occupied Values< 100K153631063
100-199K447512499
200-299K15639619730
300-399K303548712115
400-499K10920875944
500K+27924908381
Total Working Age Population3,30951,668128,912
In Work Force2,17235,32087,529
Not In Work Force1,13816,34841,384
Workforce Employed2,09033,27982,821
Workforce Unemployed812,0414,671
Civlian Workforce2,17235,32087,492
Military Workforce0036
Total Households1,37622,67557,666
Family Households93815,53138,849
Non-Family Households4387,14418,817
Married Couple64910,70427,691
Other Family2894,82711,157
Married w/Child2444,11711,330
Single Male w/Child9262788
Single Female w/Child461,7454,161

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Massachusetts6,349,097+36,547,629+66,933,887+47,225,472
Bristol County534,678+3548,285+2561,478+1567,277
Middlesex County1,465,396+31,503,085+71,613,961+51,686,641
Norfolk County650,308+3670,850+7718,394+7765,912
Plymouth County472,822+5494,919+5518,508+3534,464

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Listing Agent
Wes Koontz Agent Photo

Wes Koontz

Mid-America Real Estate Corpor
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