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Stop & Shop 275 Warwick Ave 52,137 SF Retail Building Cranston, RI 02905 $12,132,353 ($232.70/SF) 8.50% Cap Rate

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Investment Highlights

Long Term Tenant
Strong Tenant
Prime Retail Location

Scheduled Rent Increases
Zero Management Responsibilities
High Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Stop & Shop Ground Lease located at 275 Warwick Avenue in Cranston, Rhode Island (the “Property”). Stop & Shop has been at the Property since it was constructed in 2011, operating under a 20-year Absolute NNN Ground Lease. Stop & Shop has 6+ years remaining on their lease with eleven (11), 5-year renewal options. The lease provides attractive rent increases every five years throughout the primary lease term and at the start of each renewal option period. Centrally located in the Edgewood neighborhood of Cranston, Stop & Shop is positioned along Warwick Avenue (US Route 1A), one of the area’s primary commercial and commuter corridors. Stop & Shop enjoys outstanding frontage and visibility and is convenient to US Route 1, Interstate 95, and RI Routes 2, 10 and 37. The Property is close to Roger Williams Park (as well as the Zoo and Botanical Center) and is 4-miles from Providence’s Central Business District. The Property offers convenient access to dining, retail, and nightlife options, several hospitals, and several colleges and universities. Stop & Shop is surrounded by densely populated residential neighborhoods that provide a built-in and captive customer base.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Supermarket

Building Size

52,137 SF

Building Class

Year Built

2011

Price

$12,132,353

Price Per SF

$232.70

Cap Rate

8.50%

NOI

$1,031,250

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Lot Size

7.46 AC

Zoning

Parking

333 Spaces (6.39 Spaces per 1,000 SF Leased)

Certified

LEED certification is a globally recognized symbol of sustainability achievement.

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)

Major Tenants

Retailer
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Triple Net
Aug 2031

Stop & Shop is a regional grocery retailer operating supermarkets across the northeastern United States. The company traces its origins to 1914, when it was founded in Somerville, Massachusetts by the Rabinovitz family under the name Economy Grocery Stores Company. Over time, the business adopted the Stop & Shop name and expanded its footprint through a self-service supermarket model that consolidated multiple food categories under one roof. Stop & Shop operates as a subsidiary of Ahold Delhaize, a global food retail group headquartered in the Netherlands. Since becoming part of Ahold Delhaize in 1995, the company has remained focused on supermarket retailing, including fresh foods, packaged groceries, pharmacy services, and private-label products. The company has implemented omnichannel capabilities, including online ordering, pickup, and home delivery, as part of its broader integration within Ahold Delhaize USA. Stop & Shop is privately held and operates primarily in New England, Downstate New York, and Northern New Jersey. Its corporate functions are headquartered in Quincy, Massachusetts, while individual stores, such as the Watertown location on Pleasant Street, serve local markets.