Listed by Matthews
$4,038,725
Kulick’s Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 42,494
Units 9
Cap Rate 8.37%
NOI $338,132
Occupancy 85.88%
Tenancy Multi
Brand/Tenant Family Dollar, Bank of America
Lease Type NNN
Rent Bumps Yes
Lease Options Yes
Pro-Forma Cap Rate 8%
Pro-Forma NOI $323,000
Price per SqFt $95
Class B
Year Built 1972
Buildings 1
Stories 1
Investment Type Value Add
Ground Lease No
Sale Condition Distressed
Retail Shopping center | 8.00% Cap Rate | 42,494 SF
Marketing description
Dominant retail Center with a Diverse Tenant Mix
Investment highlights
- Partial Seller Financing Available with Correct Terms
- CO - BROKE Available - YES
- Attractive Pricing: Offered at approximately $95 per square foot, the property is priced significantly below today’s replacement cost, providing investors with a strong basis and immediate value relative to current construction and development costs.
- Established, Long-Term Tenancy: The center benefits from long-standing tenants with established operating histories, demonstrating tenant stability and consistent use of the property as a key retail destination for the surrounding community. Aubuchon with 40+ years of Operation.
- Grocery-Anchored Shopping Center: Kulick’s Plaza is anchored by a grocery store, Kulick’s Supermarket, driving regular daily traffic and positioning the center as an essential retail hub for local residents. 60+ Years of Operation
- Dominant Retail Center: Primary grocery store serving Winchester and surrounding rural communities, with the nearest major supermarkets located in nearby regional hubs such as Keene and Brattleboro.
- Growing Regional Population Trends: The Winchester area and surrounding communities have experienced steady population growth in recent years, supporting long-term demand for neighborhood retail and service-oriented tenants.
- Diverse Tenant Mix: The property features a balanced mix of national, regional, and local tenants, creating diversification of income while serving a broad range of daily retail needs for the surrounding population.
- Value-Add Opportunity: Approximately 15% of the center is currently vacant, presenting a clear value-add opportunity for investors to increase occupancy, and additional Auto / Garage / Industrial Space not included in Total Occupancy leaving room to add value.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$338,132.00
$28,177.67/mo
Valuation Metrics
0
DSCR
8.37%
Cap Rate
8.37%
ROI
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