Grocery Store

Stop & Shop

209 N Main St, Andover, MA 01810

Listing Price: $61,895,000

Cap Rate
4.75%
Tenant Name
Koninklijke Ahold, N.V.
Years Remaining On Lease
15.9
Gross SF
102,060
Rentable SF
102,060
Price/Gross SF
$606.46
Rent Per Square Feet
$28.81

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.

Investment Highlights

  • Long-Term Triple-Net (NNN) Master Lease with Stop & Shop
  • Rare Ahold Delhaize Guaranty | One of the Worlds Largest Grocery Operators
  • 2019 Revenue was More Than $78 Billion
  • Approximately 16 Years Remaining on the Primary Term with Two, Ten-Year Options

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    License(s): MA: 1000303

    Massachusetts

Listing Price: $61,895,000

Cap Rate
4.75%
Tenant Name
Koninklijke Ahold, N.V.
Years Remaining On Lease
15.9
Gross SF
102,060
Rentable SF
102,060
Price/Gross SF
$606.46
Rent Per Square Feet
$28.81

Investment Highlights

  • Long-Term Triple-Net (NNN) Master Lease with Stop & Shop
  • Rare Ahold Delhaize Guaranty | One of the Worlds Largest Grocery Operators
  • 2019 Revenue was More Than $78 Billion
  • Approximately 16 Years Remaining on the Primary Term with Two, Ten-Year Options

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.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    License(s): MA: 1000303

    Massachusetts

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