News: Retail
Posted: January 29, 2021
Summit Realty Ptrs. sells former Dunkin building for $600,0000
Pepperell, MA Summit Realty Partners completed the sale of 116-118 Main St. for $600,000. 116-118 Main St. is a 2,092 s/f freestanding restaurant building with drive-thru situated on a 0.39 acre parcel. Formerly occupied by Dunkin, this freestanding building was purchased by a franchisee of Dominos. This well-known restaurant brand is expected to open at this location in early to mid-2021. Summit Realty Partners represented the seller, 112-118 Main Street, LLC.
Additionally, Chris McMahon and Travis Ginsberg of Summit Realty are now representing a franchisee of Dominos that is actively looking to expand their footprint. They are seeking sites that are 1,200 to 3,000 s/f and will consider pad sites, endcaps, existing buildings and build-to-suits.
Sites with drive-thru potential and purchase opportunities are preferred.
Tags:
Retail
MORE FROM Retail
Retail
The Landing at Hyannis expands with additional retailers
Hyannis, MA The Landing at Hyannis continues its transformation with three new businesses joining its roster of retail and dining options. These brands, making their debut on Cape Cod, include fashion retailer Nordstrom Rack, physician-owned medical spa SkinMD, and eyewear retailer Warby Parker.
Columns and Thought Leadership
Reimagining retail for the downtown - by Carol Todreas
Before COVID-19, downtown retail had been sliding downwards. A few restaurants and stores were hanging on, but the trajectory was headed south. Now with post- COVID-19 lifestyle changes, old-style retail anywhere has lost its market appeal.
Placemaking and retail in 2024 - by Carol Todreas
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.
Village centers and local retail: What the market wants - by Carol Todreas
Good news! Brick and mortar is alive and well. Many malls are coming back. Americans are flocking to Europe to walk, shop, eat, and enjoy much needed vacations. Visitors return and talk about the pleasures of walking and shopping in local shops in cities and towns all over Europe.
Keeping the “there” there - by Carol Todreas
New zoning is a big topic for many communities. Whether it is to comply with the 2021 MBTA legislation calling for more multi-family housing in locales with access to T stations or to address other pressures from public-private entities, zoning for multi-family housing is believed to be a major part of the solution to the housing crisis.