Long-Term Grocery Lease Retail
57 Main St Westfield, MA 01085
57 Main St, Westfield, MA, 01085
Contact for pricing
For Sale
Contact for pricing
Stop & Shop has operated for over 25 years and the lease provides 4+ years remaining with multiple 5-year options.
Property Size66,272 SF
Price / SF$140.74
Days on Market119
Property Features for 57 Main St
General Information
- Standard status
- Active
- Size
- 66,272 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing agency
Sands Investment Group Los Angeles
Listed by
Dan Hoogesteger · License #CA 01376759
Source
Crexi
Added: Mar 26 Updated: Jul 21 at 5:31PM Checked: Jul 21 at 5:31PM
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 Sands Investment Group Los Angeles
Investment Insights
Based on property information with market context.
Sands Investment Group exclusively offers the Stop & Shop grocery and convenience store with a long operating history at the location, having operated there for over 25 years and recently exercising an early lease extension. The lease includes 4+ years remaining with four additional, five-year options. Rent increases of $0.50 per square foot apply at each option period, and the lease is backed by a corporate guarantee from Ahold Delhaize (S&P: BBB+ / Moody’s: Baa1).
The property is situated along the primary retail corridor connecting Main and Broad Streets and is in proximity to Westfield State University.
In addition, the offering notes assumable financing featuring a below market 3.46% fully amortizing rate maturing in 2040. The stated offering is positioned as stable, investment-grade income supported by the corporate guarantee.
The property is situated along the primary retail corridor connecting Main and Broad Streets and is in proximity to Westfield State University.
In addition, the offering notes assumable financing featuring a below market 3.46% fully amortizing rate maturing in 2040. The stated offering is positioned as stable, investment-grade income supported by the corporate guarantee.
Key Highlights
- 66,272 SF Stop & Shop on the primary retail corridor connecting Main and Broad Streets
- Stop & Shop has operated at this location for over 25 years and recently exercised an early lease extension
- Lease has 4+ years remaining with 4 additional 5‑year options
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.19M | $18.00 |
| − Vacancy | −$50.1k | −$0.76 |
| EGI | $1.14M | $17.24 |
| − OpEx | −$285.7k | −$4.31 |
| NOI | $857.1k | $12.93 |
66,272 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Retail
$15.56M
$13.61M – $18.15M
NOI $1,088,875 @ 7.0% cap · market cap 11.67%
Second Best
Specialty Retail
$12.24M
$10.71M – $14.28M
NOI $857,096 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$40.84M
$35.74M – $47.65M
NOI $2,859,133 @ 7.0% cap · market cap 30.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Stop & Shop has operated for over 25 years and the lease provides 4+ years remaining with multiple 5-year options.
Where is this grocery and convenience store located?
The property is located at 57 Main St Westfield, MA.
What is the asking price?
The asking price for this property is $9,327,170.
What are key features of this property?
This property features: 66,272 SF Stop & Shop on the primary retail corridor connecting Main and Broad Streets; Stop & Shop has operated at this location for over 25 years and recently exercised an early lease extension; Lease has 4+ years remaining with 4 additional 5‑year options
