Hannaford NNN Supermarket
For Sale
Contact for pricing
9 Lord Ave, Troy, NY 12180
Freestanding grocery and pharmacy asset supported by a long-term NNN lease with multiple extension options.
Property Size49,549 SF
Lot Size11.90 Acres
Days on Market144
Property Features for 9 Lord Ave
General Information
Standard status
Active
Size
49,549 SF
Lot size
11.90 Acres
Property subtype
Retail
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Westchester
(914) 220-9730
Listed By:
Joseph French Jr. · License #NY 10301207036
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 6:44PM
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 Marcus & Millichap - Westchester
Investment Insights
Based on property information with market context.
This freestanding Hannaford Supermarket Pharmacy occupies a 49,549-square-foot building on an estimated 11.9-acre parcel at 9 Lord Ave in Troy, New York. The property is operated under an original NNN lease that began in 2022 and runs through September 2042.
The lease includes five remaining five-year options and one additional three-year option. Contractual rent growth provides a 10 percent increase beginning in Year 11, followed by additional increases every five years thereafter. The asset combines a grocery and pharmacy use with a substantial land component and a defined long-term lease structure.
The lease includes five remaining five-year options and one additional three-year option. Contractual rent growth provides a 10 percent increase beginning in Year 11, followed by additional increases every five years thereafter. The asset combines a grocery and pharmacy use with a substantial land component and a defined long-term lease structure.
Key Highlights
- 49,549‑square‑foot freestanding Hannaford Supermarket Pharmacy
- Estimated 11.9‑acre parcel at 9 Lord Ave, Troy, NY 12180
- Original 20‑year NNN lease commenced in 2022
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
178k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 27%
Groceries 19%
Apparel 4%
Cumberland Farms
Shops & Services
21,963 visits/mo
0.2 miles
Hannaford
Groceries
20,833 visits/mo
0.0 miles
Hoffman Car Wash
Shops & Services
16,051 visits/mo
0.2 miles
Burger King
Dining
15,983 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,387 visits/mo
0.4 miles
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
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?
NNN property - Freestanding grocery and pharmacy asset supported by a long-term NNN lease with multiple extension options.
Where is this nnn property located?
The property is located at 9 Lord Ave Troy, NY.
What are key features of this property?
This property features: 49,549‑square‑foot freestanding Hannaford Supermarket Pharmacy; Estimated 11.9‑acre parcel at 9 Lord Ave, Troy, NY 12180; Original 20‑year NNN lease commenced in 2022
