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Grocery Store

Price Chopper

29 Sunderland Rd, Worcester, MA 01604

Listing Price: $5,359,027

Cap Rate
7.50%
Tenant Name
Price Chopper
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
46,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.68

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Price Chopper a single-tenant property located at 29 Sunderland Road, Worcester, Massachusetts 01604. The subject property is comprised of 46,300 square feet and was built in 1990 and remodeled in 2010. The building sits on a large 4.72 Acre lot located just off Sunderland Road which oversees 17,000± Vehicles Per Day. Best Buy has 6-years remaining with Four, 5-year option to extend the term. The Golub Corporation operates supermarkets under the Price Chopper, Market 32 and Market Bistro banners in New York, Connecticut, Massachusetts, Vermont, Pennsylvania, and New Hampshire. Founded in 1932 and Headquarters in Schenectady, NY the Golub Corporation has 132 Stores and ±24,000 Employees. We exist to help people feed and care for themselves and their families. As an innovative retailer of products and services, we recognize that consistently satisfying our customers is key to our success.

Investment Highlights

  • Triple-Net Lease: Price Chopper has 6-Years Remaining with Four, 5-Year Options to Extend Including 7.5% Increases in Each Option. Landlord is responsible for Roof, Structure, & Parking Lot Surface.
  • Affluent Worcester Sub-Market: In a 5-Mile Radius of Price Chopper the Population Exceeds ±232,505; Households ±90,568 and an Average Household Income of $78,857.
  • Corporate Guarantee: The Lease is Guaranteed by The Golub Corporation and Operated by Price Chopper Operating Co.; The Golub Corporation has ±24,000 employees and ±132 Stores.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4300

    License(s) MA: 1000303

    Massachusetts

Listing Price: $5,359,027

Cap Rate
7.50%
Tenant Name
Price Chopper
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
46,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.68

Investment Highlights

  • Triple-Net Lease: Price Chopper has 6-Years Remaining with Four, 5-Year Options to Extend Including 7.5% Increases in Each Option. Landlord is responsible for Roof, Structure, & Parking Lot Surface.
  • Affluent Worcester Sub-Market: In a 5-Mile Radius of Price Chopper the Population Exceeds ±232,505; Households ±90,568 and an Average Household Income of $78,857.
  • Corporate Guarantee: The Lease is Guaranteed by The Golub Corporation and Operated by Price Chopper Operating Co.; The Golub Corporation has ±24,000 employees and ±132 Stores.

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Price Chopper a single-tenant property located at 29 Sunderland Road, Worcester, Massachusetts 01604. The subject property is comprised of 46,300 square feet and was built in 1990 and remodeled in 2010. The building sits on a large 4.72 Acre lot located just off Sunderland Road which oversees 17,000± Vehicles Per Day. Best Buy has 6-years remaining with Four, 5-year option to extend the term. The Golub Corporation operates supermarkets under the Price Chopper, Market 32 and Market Bistro banners in New York, Connecticut, Massachusetts, Vermont, Pennsylvania, and New Hampshire. Founded in 1932 and Headquarters in Schenectady, NY the Golub Corporation has 132 Stores and ±24,000 Employees. We exist to help people feed and care for themselves and their families. As an innovative retailer of products and services, we recognize that consistently satisfying our customers is key to our success.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4300

    License(s): MA: 1000303

    Massachusetts

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