617-239-3608
56-72 Commons Dr, Derby, VT for Sale
Storefront Retail/Office - FOR SALE
1/20
null | Request Cap Rate

56-72 Commons Dr
Derby, VT 05829


HIGHLIGHTS

  • Grocery Anchored Shopping Center: Privately-owned and operated Price Chopper anchored shopping center, currently 91.3% leased to 4 service retailers
  • Price Chopper opened this store in 2006 and have term through June 2031 (plus extensions), solidifying themselves as the Property's anchor tenant
  • Exceptionally Attractive Basis: The Property is expected to trade at a significant discount to replacement cost
  • Below market in-place rents and current vacancy offers investors the opportunity to generate significant NOI growth through programmatic leasing
  • Strategically situated at a signalized intersection along Rt. 5 and just off of I-91, benefiting from regional traffic as well as vistors to nearby am

OVERVIEW

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

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Anchored Retail Center -Price Chopper

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

432

LAND DETAILS

LAND ACRES

21.91 AC

LAND SF

954,400 SF

ZONING

Commercial

APN/PARCEL ID

177-056-12739

ASK ABOUT THIS PROPERTY

Sam KoonceAtlantic Capital PartnersMore Info
617-239-3608

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Sam KoonceAtlantic Capital PartnersMore Info
617-239-3608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.