155 Boston Post Rd
Waterford, CT 06385
Stop and Shop (Ahold Delhaize Guaranty) · Retail Property For Sale

The subject property consists of a Stop & Shop gas station with 10 years remaining on the ground lease. The property is a 1.02 acre parcel and sits along Route 1 (Boston Post Road) with traffic counts exceeding 22,000 vehicles per day. Leased to Stop & Shop, the initial term of the lease was 20 years with eight options of five years. The lease provides for 10% increases every five years including the option periods making this an attractive investment for its mix of stability and long term growth. The tenant is backed by a rare investment grade credit, corporately guaranteed lease from Ahold Delhaize (S&P Credit Rating: BBB+). The subject property is in a strong location within the town of Waterford and is directly opposite the Town Hall and Waterford High School and is located at a four way intersection. The service station was placed at this location to specifically target customers of the Stop & Shop grocery store just under half a mile away. Given this strategic location, the tenant is well positioned to outperform the competition within the market. Access to major roadways is provided by Route 1 which connects directly to Interstate 95 North/South to New Haven (45 Miles) and Providence (60 miles) as well as Route 395 North/South which connects Waterford to Worcester, MA (75 Miles). Waterford is approximately 110 miles to the North and East of New York City and to the South and West of Boston. This is an excellent opportunity for an investor to own a ground leased gas station where the investor will own the land and the tenant will have direct responsibility for all expenses relating to the property. Other retailers in the market include a Stop & Shop supermarket, Webster Bank, Starbucks, CVS, McDonald’s, Dollar Tree, Planet Fitness, Bank of America, Papa John’s Pizza, Ocean State Job Lot, Jo Ann Fabrics, Aldi and many others.