Listed by Sands Investment Group Los Angeles, Sands Investment Group Philadelphia, Sands Investment Group
$8,995,000
Stop & Shop - Westfield, MA
Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 66,272
Cap Rate 7%
NOI $629,584
Occupancy 100%
Tenancy Single
Brand/Tenant Stop & Shop
Lease Type NNN
Lease Term 30
Lease Expiration 09/30/2030
Remaining Term 4.3
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $136
Year Built 2000
Buildings 1
Acreage 6.620
Investment Type Net Lease
Lease Commencement 09/28/2000
Generational Grocery Asset | Recent Lease Extension & Major Renovations | Below-Market Financing
Marketing description
Sands Investment Group is pleased to exclusively offer the 66,272 SF Stop & Shop located along the primary retail corridor connecting Main and Broad Streets. Stop & Shop has operated at this location for over 25 years and recently exercised an early lease extension, demonstrating long-term commitment. The lease has 4+ years remaining with 4 additional, 5-year options and is backed by a corporate guarantee from Ahold Delhaize (S&P: BBB+ / Moody’s: Baa1). The investment includes $0.50 PSF rent increases at each option period, proximity to Westfield State University, and attractive assumable financing with a below market 3.46% fully amortizing rate maturing in 2040. This offering provides stable, investment-grade income at a 7.00% CAP Rate.
Investment highlights
- Proven Grocer with 25-Year Track Record: Stop & Shop has successfully operated at this location since 2000, making it a true generational grocery asset. As one of only three major grocery options serving Westfield, the store is a dominant anchor with deep roots in the community.
- Recent Lease Extension: The tenant exercised its renewal option in 2024, extending the lease through September 2030. There are 4 additional, 5-year options remaining, with $0.50 increases each option, alluding to long-term occupancy and income durability.
- Investment-Grade Credit Backing: The lease is corporately guaranteed by Ahold Delhaize (BBB+/Baa1), one of the largest grocery operators in the world. Investors benefit from true institutional-grade credit.
- Premier Downtown Location: Positioned at the primary retail arterial connecting Main and Broad Streets. The site commands strong visibility in the heart of downtown Westfield. Immediate access to Route 20 and proximity to Westfield State University support consistent daily traffic and long-term demand drivers.
- Significant Recent Capital Investment: Ownership has invested over $550,000 in major improvements, including a full roof replacement with a warranty in place until March 2040 and parking lot reconstruction. In addition, in 2024, the tenant recently completed a pharmacy remodel, reinforcing its long-term commitment to the location.
- Strong Demographics Supporting Long-Term Stability: Westfield serves as a stable Springfield area community with over 40,000 residents and household incomes exceeding $100,000. The surrounding consumer base provides dependable grocery fundamentals and repeat traffic.
- Attractive Below Market Assumable Financing Available: Existing fully amortizing loan with 3.76% interest rate, maturing in 2040.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group Philadelphia, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$629,584.00
$52,465.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
IA IndustrialIndustrial A
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