Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

949 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

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

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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
-
-
Triple Net
Aug 2031

Stop & Shop began in 1914 in Somerville, Massachusetts, when the Rabinovitz family formed Economy Grocery Stores Company; the business later adopted the Stop & Shop name and grew from an early grocery operation into a self-service supermarket chain. The company now focuses on grocery retail, with pharmacy services, gas stations at select locations, and online shopping options that support delivery and pickup. Stop & Shop remains a regional supermarket business with a broad presence across New England and nearby parts of New York and New Jersey, serving customers through stores and digital ordering channels.