Atlantic Capital Partners is pleased to offer for sale Price Chopper Plaza, the preeminent grocery-anchored shopping center in Derby, VT. The 21.91 acre site is ideally situated along Rt 5, just off I-91, the main interstate that services Vermont. Price Chopper Plaza sits less than ½ mile from a Walmart Supercenter and two miles from downtown Newport, VT, which both enhance daily traffic and exposure to the center. In addition, the Property sits just 15 miles from Jay Peak Mountain Resort and is the last stop for customers traveling to Jay Peak from the New England states.
Price Chopper Plaza is presently 91.3% leased to four retail tenants with 7.3 years of weighted average remaining lease term and projected 10-year CAGR of 2.68%. This offering allows investors to pursue one of the most sought-after asset classes – a grocery anchored shopping center – while realizing returns through leasing opportunities. The stability of this Price Chopper location, making up for 73% of the gross leasable area and 78% of the revenue of the center, provides investors with surety of cash-flow through the grocer's LXD, with four, five-year extension options thereafter.
VT License: 081.0134143