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Views: 157 DOM: 603 Updated: 08.14.24 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 7.7
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

  • Stop & Shop (Gas) is the original tenant: built-to-suit facility (2012)
  • The tenant has 9.2 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...

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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...


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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

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