loader
Join Free
Views: 218 DOM: 699 Updated: 11.22.24 Posted: 01.22.23 Status: Active

Summary

Price $3,951,406
Built/Renov 2012
Tenant Stop & Shop (Gas)
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,800
Lease Start 03-27-2012
#Units 395
Price/SF $823.21
Expiration 04-30-2032
Tenant Type Convenience/Gas
NOI $252,890
R. Term 7.4
Ownership Fee Simple
Rent/SF $52.69
Increases 10.0%/4/yrs
Pop 5Mi 154,599
Lot/AC 1.00
Options 8/5yrs/10%
AHHI 5Mi $95,234

Lease Highlights

  • The tenant has 7+ years remaining on its initial lease with 8 options to extend
  • Lease features 10% rental increases every 5 years throughout the current term and options
  • Absolute NNN lease | Zero landlord responsibilities 
  • Corporate guarantee by Ahold Delhaize Usa, Inc (OTCMKTS: AHODF)
  • Stop & Shop is an investment grade tenant (S&P: BBB)

Location Description

Site benefits from significant street frontage at the signalized, hard corner of W Main St (9,000 VPD) and N Mountain Rd and has easy access and clear visibility from I-84 (127,000 cars per day). The property features a Stop & Shop branded convenience store with 4-pumps and 8 fueling stations, and  is strategically located 1 mile away from the Stop & Shop Supermarket. Moreover, the site is...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Stop & Shop
  • Guarantor:Corp T and Rated
  • Company:Ahold Delhaize NV
  • # Units:395
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: OTCMKTS: AHODF

About Tenant

The Stop & Shop Supermarket Company, known as Stop & Shop, is a chain of supermarkets located in the northeastern United States ( New England, New York, and New Jersey). From its beginnings...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,918 77,263 156,249
2023 Total Population : 8,057 77,517 156,964
2023 Employed Civilian Pop : 4,036 37,040 79,584
2023 Total Businesses : 247 2,959 7,179
2023 Average Household Income : $ 93,048 $ 80,463 $ 97,266
2023 Total Consumer Spending : $ 258 M $ 2227 M $ 5454 M
2023 Median Age : 39 38 41
2023 Total Households : 3,224 31,956 65,144
2023 Pop Age 25+: Bachelor's Degree : 843 8,236 21,928
2023 Average Home Value : $ 288,750 $ 277,102 $ 306,092
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Main St N Mountain Rd 2003 12,100 0.06 mi
I- 84 N Mountain Rd 2021 4,300 0.12 mi
State Hwy 72 I- 84 2012 51,500 0.14 mi
I- 84 2018 27,000 0.14 mi
Black Rock Ave Esther St 2018 27,000 0.14 mi
N Mountain Rd 2021 5,000 0.14 mi
CT 72 W Main St 2021 24,000 0.17 mi
W Main St Stanwood Dr 2012 9,700 0.19 mi
Black Rock Ave Esther St 2012 4,000 0.23 mi
W Main St I- 84 2009 10,400 0.23 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity