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Grocery Store

Stop & Shop Master Lease

1777 Main St, Tewksbury, MA 01876

Listing Price: $10,907,692

Cap Rate
6.50%
Tenant Name
Koninklijke Ahold NV
Years Remaining On Lease
4.7
Guarantor
Corporate Guarantee
Rentable SF
58,450
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.13

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Stop & Shop master lease located at 1777 Main Street in Tewksbury, Massachusetts. The property consists of roughly 58,450 rentable square feet of building space on an estimated 34.89 parcel of land. Stop & Shop signed a 25-year triple-net (NNN) master lease in January of 2002. There are approximately five years remaining on the lease and the tenant is paying $709,000 in rent. Stop & Shop subleases their space to Aubuchon Hardware, Advanced Auto Part, Dollar Tree, and more. One of the aspects that makes this property interesting is that an investor is buying the convenience of a single tenant triple net lease, but with the underlying real estate fundamentals of a shopping center. In addition to the primary term, Stop & Shop has ten, five-year renewal options where the rent increases by $35,000 every five years.

Investment Highlights

  • A 25-Year Absolute Triple Net (NNN) Master Lease With Approximately Five Years Remaining
  • Rare Ahold Delhaize Guaranty | One of the World's Largest Grocery Store Chains | 2020 Revenue of Roughly $85 Billion
  • This Unique Master Lease Structure Provides the Owner with the Convenience of a Single Tenant Triple Net Lease, but with the Underlying Fundamentals of a Shopping Center | Best of Both Worlds

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Grocery Store

Stop & Shop Master Lease

Listing Price: $10,907,692

Cap Rate
6.50%
Tenant Name
Koninklijke Ahold NV
Years Remaining On Lease
4.7
Guarantor
Corporate Guarantee
Rentable SF
58,450
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.13

Investment Highlights

  • A 25-Year Absolute Triple Net (NNN) Master Lease With Approximately Five Years Remaining
  • Rare Ahold Delhaize Guaranty | One of the World's Largest Grocery Store Chains | 2020 Revenue of Roughly $85 Billion
  • This Unique Master Lease Structure Provides the Owner with the Convenience of a Single Tenant Triple Net Lease, but with the Underlying Fundamentals of a Shopping Center | Best of Both Worlds

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Stop & Shop master lease located at 1777 Main Street in Tewksbury, Massachusetts. The property consists of roughly 58,450 rentable square feet of building space on an estimated 34.89 parcel of land. Stop & Shop signed a 25-year triple-net (NNN) master lease in January of 2002. There are approximately five years remaining on the lease and the tenant is paying $709,000 in rent. Stop & Shop subleases their space to Aubuchon Hardware, Advanced Auto Part, Dollar Tree, and more. One of the aspects that makes this property interesting is that an investor is buying the convenience of a single tenant triple net lease, but with the underlying real estate fundamentals of a shopping center. In addition to the primary term, Stop & Shop has ten, five-year renewal options where the rent increases by $35,000 every five years.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s): MA: 1000485

    Massachusetts

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