SILVER MAPLE COMMON FRANKLIN, MA
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SILVER MAPLE COMMON
FRANKLIN, MA
M U LT I T E N A N T R E TA I L O P P O R T U N I T Y
A C R E C O .COM
LEAD AGENTS
DUSTY BURKE
President
(508) 735-6378
dusty@acreco.com
JOE EVANS
Senior Associate
(508) 397-7937
joe@acreco.com
DUSTIN BURKE
MA BROKER OF RECORD
LICENSE 137734
DISCLAIMER
American Commercial Real Estate has been engaged by the owner
of the property to market it for sale. Information concerning the
property described herein has been obtained from sources other
than American Commercial Real Estate and we make no
representations or warranties, express or implied, as to the
accuracy or completeness of such information. Any and all
references to age, square footage, income, expenses and any
other property specific information are approximate. Any
opinions, assumptions, or estimates contained herein are
projections only and used for illustrative purposes and may be
based on assumptions or due diligence criteria different from that
used by a buyer. Buyers should conduct their own independent
investigation and rely on those results. The information contained
herein is subject to change.
INVESTMENT HIGHLIGHTS 3
American Commercial Real Estate presents the exclusive investment opportunity to
purchase Silver Maple Common, a fully-leased retail center located at 470-490 King
Street at I-495 Exit 16 and Union Street in Franklin, MA. This 9,154 SF single-story plaza
is anchored by Dunkin Donuts with drive-thru, and includes Rockland Trust Mortgage
Center, Salon Sorella, Dryclean Plus, and Pretty Is Pink Boutique.
Silver Maple Common, named for the majestic Silver Maple tree in front, is
dramatically positioned in the local and regional marketplace at the gateway to
Franklin off I-495 at Exit 16 with immediate proximity to residential population density,
corporate traffic generators, and retail stores and offices. Silver Maple Common is
located on a 1.53-acre parcel. It benefits by a shared site plan with The Chateau
Restaurant at the signalized intersection of King St. and Union St., which shares curb
cuts on King St. and Union St. These properties also share parking, access, and utility
easements. The Silver Maple Common site includes approximately 36 parking
spaces plus its shared parking easement with The Chateau and its approximately
139 spaces for a total of 175 spaces. There is a 1,000-gallon grease trap serving the
Dunkin Donuts. The Dunkin Donuts lease originated in 2001 and has 3 months
remaining on the lease term with 3 10-year options. The Rockland Trust lease
originated in 2016 and has 5 years remaining on the lease term with 2 5-year options.
The Dryclean Plus lease originated in 2001 and has 6 months remaining on the lease
term with no options. Pretty Is Pink’s lease originated in 2013 and has 2 years
remaining on the lease term with 2 5-year options. The ATM kiosk is available to be
operated by a new user. Silver Maple Common includes a single drive-through with
substantial stacking for a high-volume Dunkin Donuts, and a double drive-through
on the Pretty Is Pink endcap not currently in use.
■ S T R A T E G I C R E T A I L L O C A T I O N : Located at the I-495 gateway to Franklin at
Exit 16, Silver Maple Common is perfectly positioned for local and regional
retail and professional tenants that seek high-profile, convenient access to
the densely populated residential, family, employment, educational, and
recreational customer bases. Franklin includes four major grocery stores,
including Stop & Shop, BJ’s Wholesale Club, Big Y, and Shaw’s.
■ L I M I T E D D R I V E - T H R U C O M P E T I T I O N : Given the COVID-19-accelerated
increased demand by customers for drive-through convenience, Silver Maple
Common enjoys a great market advantage with its existing Dunkin Donuts
drive-through and its 2 available drive-throughs not being utilized by the current
tenant, Pretty Is Pink Boutique. Further, the drive-throughs at Silver Maple
Common are the only drive-throughs in the immediate market.
■ B A R R I E R S T O E N T R Y : Given the lack of undeveloped commercially zoned
land in the market and given its location at the I-495 interchange, Silver Maple ■ B E L O W M A R K E T R A T E S : The current lease rates are well
Common is assured its long-term premiere positioning. below market rates for the quality of Silver Maple Common’s
location.
■ A T T R A C T I V E R E N T I N C R E A S E S : All tenants are either paying 10% increases
every 5 years, or annual CPI increases. ■ T R I P L E N E T L E A S E S : Each tenant is responsible for its pro rata
share of common area maintenance, real estate taxes, and
■ V ALUE ADD OPPORTUNITY : There are opportunities for additional rent. One is
insurance.
the Pretty Is Pink Boutique space, whole lease does not include 540 SF of leasing
space in the rear which should be included but wasn’t in the previous square ■ S T R O N G D E M O G R A P H I C S : An impressive 68,000 + people live
foot calculation. The second is the high-profile ATM out front which is not within a 5-mile radius of the Property with an average household
leased. The future owner should plan to capitalize on these two opportunities to income of $145,032.
add net rent to Silver Maple Common.
PROPERTY OVERVIEW 4
$3,596,140 5.75% $219,443
L I ST PRICE CAP RATE N E T OPERATING INCOME
470-490 KING STREET | F R A N K L I N , M A 0 2 0 3 8
P R O P E R T Y T Y P E: Multi Tenant Retail
OWNERSHIP: Fee Simple
BUILDING AREA: 9,154 SF
L AND AREA: 1.53 Acres
OCCUPANCY: 97.9%
TRAFFIC: King St. & Union St. 23,000 VPD
I-495 Est. 75,000 VPD
TENANT OVERVIEW 56 ABOUT T H E TENANTS Dunkin Donuts: The original tenant at Silver Maple, Dunkin Donuts is part of the Silver Spring Donuts Dunkin Donuts franchise family, enjoying very high volume and drive-thru sales since 2001. Initial 20-year term expires on 9/15/2021 and will automatically renew (unless terminated by tenant) to the first of 3 10-year extensions on 9/16/2021, at $104,939.80, with annual CPI incomes thereafter. Rockland Trust Mortgage Center: Tenant is in the middle of their initial 10-year term. Dryclean Plus: An original tenant at Silver Maple, tenant’s original 20-year term expires on 12/1/2021. Dryclean Plus is a satellite dry cleaner that does not perform dry cleaning on site. Salon Sorella: a full-service salon offering nail services, facial/body services, hair services, “Special Day” services, hair removal, laser hair removal, full spectrum healing, and “After Hours Party” services. Pretty Is Pink: A unique clothing and accessories boutique for women and teens with 2,000 SF of brand names, offering big city chic in downtown Franklin.
LOCATION O VE RVI EW
F R A N K L I N |M A 6
FRANKLIN
2 MILES 5 MILES 10 M I L E S
POPULATION
2021 Population 14,801 68,499 340,063
2 0 2 6 Projection 15,109 70,295 346,432
2010 C e n s u s 13,937 62,423 322,188
BUSINESS
2 0 2 0 Est. Total B u s i n e s s 899 2,569 14,797
2 0 2 0 Est. Total E m p l o y e e s 8,553 24,202 150,268
HOUSEHOLDS
2021 Households 5,589 24,150 127,952
2 0 2 6 H o u s e h o l d Projection 5 , 7 17 24,812 130,405
2010 H o u s e h o l d s 5,194 21,843 120,851
INCOME
Average H o u s e h o l d I n c o m e $129,440 $145,032 $122,473
Median Household Income $108,870 $122,324 $100,914
OVERVIEW
Franklin, Massachusetts is an historic, prosperous, and densely populated (est. 34,000) town that serves as a regional
hub by virtue of its two exits on I-495 (16 & 17), with major North-South Rt. 140 and many other road systems
connecting it to adjacent towns. Historically recognized for its academic reputation, Franklin (named for Benjamin
Franklin) is the birthplace of Horace Mann who was the U.S. founder of public education. Franklin is home to Dean
College, Franklin High School, Tri County Regional Vocational High School, Benjamin Franklin Charter School,
numerous elementary schools, early childhood education centers, the Helen Keller Elementary School, and The
Franklin Center for the Performing Arts.
Franklin is the home of two commuter rail stations and several major business parks, including Forge Park, Franklin
Industrial Park, Grove Street Business Center, and Franklin Business Center. Franklin’s largest employers include Dairy
Giant Garelick Farms, and Dell EMC.
68,000+ 24,000+ $145,000+
PEOPLE WI THI N 5 MI LES EMPLOYEES WI THI N 5 MI LES AVERAGE HOUSEHOLD INCOME
PROPERTY PHOTOGRAPHS 7
8 PROPERTY PHOTOGRAPHS 9
AERIAL PHOTOGRAPH 9
SITE PL A N 470-490 KING STREET 10
LEASE PL A N 470-490 KING STREET 11
Notes:
3
AEX.201
ARCHITECTURAL FLOOR
PLAN REFERENCE SYS.
ROOM NAME
101 ROOM
SYMBOL
PARTITIO
78' -10" N
EXISTING W ALL,
VERIFY
CONSTRUCTION
EXISTING CONDITIONS
IN FIELD
GENERAL NOTES
IT IS THE RESPONSIBILITY OF THE
GENERAL CONTRACTOR AND THE
KITCHEN
SUBCONTRACTOR TO REVIEW EXISTING
CONDITIONS OF THE BUILDING AND TO
INFORM THE ARCHITECT OF ANY
DISCREPANCIES IN THE DOCUMENTS.
77' -7"
ENTRY AW NING
ABOVE
32' -
TENANT 1 - PRETTY IS PINK BOUTIQUE
0"
VESTIBULE
2,488 SF GROSS LEASABLE
BATHROOM BATHROOM
FABRIC FITTING
AW NING,
ABOVE TYP
BUILDING MECH / ELEC
8' -
8"
234 SF GROSS
44' -0"
24' -5"
TENANT 2 - DRYCLEAN PLUS
ENTRY AW NING
21' -
991 SF GROSS LEASABLE
6"
ABOVE
RECEPTION CLEANINGAREA KITCHEN AND BACK OF
HOUSE SPACE
BATHROOM
1
AEX.201
STYLE &
STYLE & COLORING
COLORING BATHROOM
120' -
44' -0"
4
4"
AEX.201
28' -2"
BATHROOM
RECEPTION
STYLE &
CUTTING ROOM COLORING
ENTRY AW NING
TENANT 3 - SALON SORELLA
BATHROOM
42' -
1,947 SF GROSS LEASABLE
ABOVE
9"
Project:
TENANT 4 - DUNKIN DONUTS SILVER MAPLECOMMON
2,569 SF GROSS LEASABLE
470-490 KING ST. AT UNION ST.
BATHROOM AND I-495 FRANKLIN, MA 02038
Client:
DRIVE THRU WINDOW
AND AWNINGABOVE
SILVER MAPLE TRUST
BANKING BUILDING
24 HOUR ATM WAITING
192 SF GROSS
LEASABLE
49' -
Project #: 21000
2"
Scale: As indicated
Issue: Date:
BATHROOM
MARKETING DRAWINGS JUNE 14, 2021
ENTRY AW NING
ABOVE
Revisions: Date:
21' -
2 BANKING CENTER PLAN TENANT 5 - ROCKLAND TRUST
0"
SCALE: 1/8" = 1'-0" 967 SF GROSS LEASABLE
KITCHEN
44' -0"
VESTIBULE
NET LEASABLE
BUILDING AREAS GROSS LEASABLE AREA
AREA (W ALL
CONSTRUCTIO
NVIF)
ENTIRE PROPERTY - MAIN & BANKING 9,154SF 8,720 SF (NO DEMISING Drawing Title:
BLDGS W ALLS) EXISTING BLDG PLAN
ENTRY AWNINGABOVE ENTRY AWNINGABOVE
MAIN BUILDING 8,962SF 8,564 SF (NO DEMISING
W ALLS)
TENANT 1 - PRETTY IS PINKBOUTIQUE 2,488SF 2,376SF Sheet Number:
TENANT 2 - DRYCLEANPLUS 991SF 945SF
TENANT 3 - SALONSORELLA
TENANT 4 - DUNKINDONUTS
TENANT 5 - ROCKLANDTRUST
1,947SF
2,569SF
967SF
1,880SF
2,456SF
907SF
2
AEX.201
AEX.121 MAUGEL ARCHITECTS
Files Location: C:\Users\ballen\Desktop\Franklin Silver Maple -
MAIN BUILDING - MECH / ELECSPACE 234SF 212SF 2 0 0 A Y ER R O A D І S U I T E 2 0 0
H A R V A R D, M A 01451
ENTIRE PROPERTY - GRAND TOTAL GROSS SF 9,388 SF 9 7 8 4 56 2 800
BANKING BUILDING - 24 HOUR ATM 192SF 156SF M A U G EL . C O M
6/14/2021 8:47:08 PM
FIRST FLOOR EXISTING CONDITIONS PLAN
1 SCALE: 1/8" = 1'-0"
THESE DOCUMENTS AND ALL IDEAS, ARRANGEM ENT S, DESIGNS AND PLANS
INDICATED THEREON O R REPRESENT ED THEREBY ARE O WNE D B Y AND REMAIN
THE PROPERTY OF MAUGEL ARCHITECTS, INC. AND NO PART THEREOF SHALL
Date Printed:
B E UTILIZED B Y ANY PERSON, FIRM O R CORPORATIO N FO R ANY PURPOSE
COLOR.rvt
WHATSOEVE R EXCEPT WITH SPECIFIC WRITTEN PERMISSON
© 2020 MAUGEL ARCHITECTS, INC.A R E A LOCATION M A P 12
SURF
S TADIUM
GRET
T H O R O FA R EREGIONAL MAP 13
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