Grocery Store
Stop & Shop
209 N Main St, Andover, MA 01810
Listing Price: $58,800,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Stop & Shop plaza located at 209 North Main Street in Andover, MA. The property consists of a shopping center with 17+ tenants anchored by Stop & Shop and Planet Fitness, however there is only one underlying master lease with Stop & Shop. The premises consists of approximately 102,060 square feet of building space and is situated on approximately 17.30 acres of land.
The property is subject to an original 25-year triple net (NNN) single tenant master lease that has approximately 16 years remaining. The rent is set to increase in November of 2021 to $2,940,000 and will continue to increase by 5% every five years throughout the primary term and increases every five years during the two, ten-year options and eight, five-year option periods.
Listing Price: $58,800,000
Investment Highlights
- 2019 Revenue was More Than $78 Billion
- Approximately 16 Years Remaining on the Primary Term with Two, Ten-Year Options
- Long-Term Triple-Net (NNN) Master Lease with Stop & Shop
- Rare Ahold Delhaize Guaranty | One of the Worlds Largest Grocery Operators
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Stop & Shop plaza located at 209 North Main Street in Andover, MA. The property consists of a shopping center with 17+ tenants anchored by Stop & Shop and Planet Fitness, however there is only one underlying master lease with Stop & Shop. The premises consists of approximately 102,060 square feet of building space and is situated on approximately 17.30 acres of land.
The property is subject to an original 25-year triple net (NNN) single tenant master lease that has approximately 16 years remaining. The rent is set to increase in November of 2021 to $2,940,000 and will continue to increase by 5% every five years throughout the primary term and increases every five years during the two, ten-year options and eight, five-year option periods.
