Long-Term Grocery Lease Retail
For Sale
Contact for pricing
57 Main St, Westfield, MA 01085
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$135.73
Days on Market162
Property Features for 57 Main St
General Information
Standard status
Active
Size
66,272 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$629,584
Additional Details
Cap Rate
6.75%
Building Details
Year Built
2000
Buildings
1
Tenancy
Single
Listing Agency:
Sands Investment Group Los Angeles
Listed By:
Dan Hoogesteger · License #CA 01376759
Source:
Crexi
Added: Mar 28
Changed: Aug 24
Last Checked: Sep 4 at 12:38PM
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01085, MA
41,529
Population
17,054
Households
2.4
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
59.7 sq mi
ZIP Area
696
Density / Sq Mi
$83,821
Median Household Income
$44,737
Median Earnings
$1,064
Median Rent
$296,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
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 $8,995,000.
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
