Grafton Country Plaza
Stop & Shop and CVS Anchored Shopping Center in Massachusetts
Marketing description
CBRE's National Retail Partners are pleased to offer for sale Grafton Country Plaza - a rare opportunity to acquire an ±86,000 SF grocery anchored center with a 25-year anchor history, 100% occupancy, and exposure to one of Massachusetts’ most attractive consumer bases. The property draws from an affluent retail core, with average household incomes approaching $150,000 within a 5-mile radius, while capturing a broader 550,000-person trade area generating $126,800 in average household income. The center benefits from excellent regional connectivity, located less than one mile from Interstate 90 and only a short drive to the MBTA Grafton Station which provides direct commuter rail service to Boston. This accessibility, combined with steady daily demand from Worcester County’s expanding population, higher education institutions, and growing life science and healthcare employment base, reinforces the long-term strength of the location. Anchored by Stop & Shop and ahigh volume CVS Pharmacy on a separately deeded parcel, Grafton Country Plaza offers investors durable cash flow today and flexible value creation potential for the future.
Investment highlights
Tenancy & Financials
+ Institutional Demographics: Over 100,000 residents within 5 miles generating an average household income of nearly $150,000.
+ Dominant Grocery Anchor: Stop & Shop has anchored the center for nearly 25 years, providing consistent traffic and stability.
+ Creditworthy Lease Structure: Stop & Shop lease includes a rare Royal Ahold guarantee, enhancing credit strength.
+ High-Performing Pharmacy Pad: Freestanding CVS with exceptionally strong sales performance and significant foot traffic.
+ Investment-Grade Credit: CVS lease guaranteed by CVS Health (NYSE: CVS), a $73B market cap Fortune 500 healthcare company.
+ Future Value Flexibility: CVS occupies a separate tax parcel, enabling potential for an accretive spin-off.
Grafton Country Plaza: Neighborhood Shopping Destination
+ 1.1 million Annual Visits: Strong, consistent shopper base.
+ High Shopper Loyalty: Over 1 million visits came customers who visited more than 5 times in the past year.
+ Deep Engagement: 680,000 visits were from shoppers who came more than 30 times annually.
+ Frequent Shopper Base: The average customer visited 11 times in the past year.
+ Traffic Momentum: Annual visit count has increased 12% since 2021, outpacing regional benchmarks.
+ Meaningful Dwell Time: Shoppers spend an average of 25 minutes per visit, underscoring sustained engagement.
High-Traffic Trade Area
Grafton Country Plaza is ideally positioned to draw shoppers from a regional trade area given its proximity to multiple major demand drivers including:
+ Direct Interstate Access: Located less than 1-mile from Exit 96 on I-90/ Massachusetts Pike, a major commuter artery carrying 56,000+ cars per day, with seamless connections to both I-495 and I-95 en route to Boston.
+ Expanding Housing Growth: Over 1,300 new multi-family units recently delivered in the immediate trade area, driving continued population and demand growth.
+ Regional Employment Hub: Surrounded by major employers including UMass Memorial Health, Fallon Health, and Hanover Insurance Group, anchoring a large daytime population base.
+ Public Transit Connectivity: Minutes from Grafton Station, a fully accessible commuter rail stop on the Framingham/Worcester Line with 13,000+ daily riders and direct service to Boston.
+ High-Visibility Location: Prominently positioned on Route 122, the primary Grafton–Worcester thoroughfare with 18,000+ cars per day.
+ Educational Anchor Institutions: Trade area bolstered by eight universities, including College of the Holy Cross, Worcester Polytechnic Institute, and UMass Medical School, driving a stable flow of students, faculty, and staff.
+ Adjacent Multifamily Development: a new 268-unit community (224 apartment and 44 townhouses) is planned directly behind Stop & Shop, adding future residential density and strengthening the centers long-term customer base.
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