Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of 4 Red Brook Road, a 0.71-acre parcel that serves as an outparcel to Woodland Cove, a newly constructed 150-unit apartment complex. The asset benefits from its excellent frontage prominently located in the dense retail submarket of Wareham, Massachusetts, a gateway submarket to Cape Cod which sees a summertime population swell to almost 5M visitors. The retail submarket is supported by Cranberry Plaza, a Stop & Shop anchored neighborhood center and plays host to other national retailers such as Planet Fitness, Dollar Tree, and many others. 4 Red Brook Road presents a prime opportunity for investors to develop the space as a retail outparcel.
The asset benefits from its excellent surrounding demographics, with household incomes in excess of $111,000 within a 3-mile radius. The asset’s positioning in front of the newly developed Woodland Cove would allow a retailer to capitalize on the influx of new residents. This presents an excellent opportunity for an investor looking
for a dense neighborhood supported by strong disposable incomes. The asset is conveniently located along Cranberry Highway, which sees over 34,800 vehicles per day and serves as one of the dominant throughfares in Wareham. The asset is also located minutes from Route 25, which serves as a major roadway connecting Cape Cod and sees over 65,000 vehicles per day. 4 Red Brook Road is being presented unencumbered by any tenant lease obligations and offers a unique opportunity to develop a quality asset in a dense retail trade area and is being offered for sale without a formal asking price.