Northeast Private Client Group is pleased to present the Dudley Plaza, a 95,000 +/- SF shopping center located at 4-14 Airport Road, in Dudley, Massachusetts.
Dudley Plaza Shopping Center is a retail complex on 13.77 acres that consists of 95,061 square feet of rent-able space. The complex is grocery store anchored with Park N’ Shop Super Market, who has been a tenant since 1967. The center has many other “big name” tenants like Family Dollar and the Dollar Tree. Currently there is 16,000 square feet vacant with the possibility to subdivide into individual units. Tenants are responsible for their own electric, gas, and repairs within their unit. All leases include expense reimbursements based off of a pro rata share.
Dudley Plaza Shopping Center is on the busy intersection of Airport Road and West Main Street (Route-197). As per the Massachusetts’ Department of Transportation in 2017 this intersection has between 15,438 and 10,949 average daily drivers passing the plaza a day. Based on its location the center is positioned to capture commuters in Webster, Dudley and northeast Connecticut as well as the students attending Nichols College, a private school located 1.2 miles away.
The Dudley Plaza provides an investor the unique opportunity to purchase a large retail complex with the ability to add value through leasing vacancy and raising rents to market value once leases expire.
Dudley is a town located in Worcester County that sits on the Connecticut border. The town has an estimated population of 11,768 people with a median household income of about $64,200. Dudley is home to Nichols College, a private college founded in 1815 that focuses primarily on business and competes in NCAA Division III sports.