Stop & Shop Grocery
For Sale
Contact for pricing
250 Newbury Street, Danvers, MA 01923
Ground lease with more than a decade remaining and multiple renewal options.
Property SizeContact for details
Days on Market145
Property Features for 250 Newbury Street
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Bob Horvath · License #CT 756500
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 3:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
This offering is a ground lease for a Stop & Shop grocery and convenience store at 250 Newbury Street in Danvers, Massachusetts. The property is positioned on Route 1, providing a clearly identified commercial location for the leased operation.
The lease has over 12 years remaining in its current term, followed by 8 five-year renewal options. Contractual rent increases are set at 10% every five years during the initial term and again when each renewal option begins. These terms define the lease structure and provide a scheduled escalation framework over the remaining term and option periods.
The lease has over 12 years remaining in its current term, followed by 8 five-year renewal options. Contractual rent increases are set at 10% every five years during the initial term and again when each renewal option begins. These terms define the lease structure and provide a scheduled escalation framework over the remaining term and option periods.
Key Highlights
- Stop & Shop ground lease at 250 Newbury Street, Danvers, Massachusetts
- Located on Route 1
- Over 12 years of term remaining
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
121k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Home Improvements & Furnishings 30%
Dining 26%
Beauty & Spa 3%
Stop & Shop
Groceries
47,075 visits/mo
0.2 miles
HomeGoods
Home Improvements & Furnishings
36,065 visits/mo
0.2 miles
Texas Roadhouse
Dining
31,897 visits/mo
0.1 miles
Sola Salon Studios
Beauty & Spa
3,776 visits/mo
0.2 miles
Knights Inn Danvers
Hotels & Casinos
1,024 visits/mo
0.4 miles
Demographics for 01923, MA
27,987
Population
11,405
Households
2.5
Avg Household Size
46
Median Age
47%
College-Educated
95%
High-School Grad
13.2 sq mi
ZIP Area
2,120
Density / Sq Mi
$117,072
Median Household Income
$59,916
Median Earnings
$2,004
Median Rent
$611,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Ground lease with more than a decade remaining and multiple renewal options.
Where is this grocery and convenience store located?
The property is located at 250 Newbury Street Danvers, MA.
What are key features of this property?
This property features: Stop & Shop ground lease at 250 Newbury Street, Danvers, Massachusetts; Located on Route 1; Over 12 years of term remaining
