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Stop & Shop - Westfield, MA 57 Main St 66,272 SF Retail Building Westfield, MA 01085 $12,944,340 CAD ($195.32 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Stop & Shop has successfully operated at this location since 2000, making it a true generational grocery asset.
- The lease is corporately guaranteed by Ahold Delhaize (BBB+/Baa1), one of the largest grocery operators in the world.
- Ownership has invested over $550,000 in major improvements, including a full roof replacement with a warranty in place until March 2040 and parking.
- The tenant exercised its renewal option in 2024, extending the lease through September 2030. There are 4 additional, 5-year options remaining.
- Positioned at the primary retail arterial connecting Main and Broad Streets. The site commands strong visibility in the heart of downtown Westfield.
- Westfield serves as a stable Springfield area community with over 40,000 residents and household incomes exceeding $100,000.
Executive Summary
Sands Investment Group is pleased to exclusively offer the 66,272 SF Stop & Shop located along 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, demonstrating long-term commitment. The lease has 4+ years remaining with 4 additional, 5-year options and is backed by a corporate guarantee from Ahold Delhaize (S&P: BBB+ / Moody’s: Baa1). The investment includes $0.50 PSF rent increases at each option period, proximity to Westfield State University, and attractive assumable financing with a below market 3.46% fully amortizing rate maturing in 2040. This offering provides stable, investment-grade income at a 6.75% CAP Rate.
In Cooperation With Sands Investment Group Massachusetts, LLC - Lic. #424071-RE-L BoR: Tom Gorman - Lic. MA #1000609-RB
In Cooperation With Sands Investment Group Massachusetts, LLC - Lic. #424071-RE-L BoR: Tom Gorman - Lic. MA #1000609-RB
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
66,272 SF
Building Class
B
Year Built
2000
Price
$12,944,340 CAD
Price Per SF
$195.32 CAD
Cap Rate
6.75%
NOI
$873,743 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
6.62 AC
Opportunity Zone
Yes
Parking
300 Spaces (4.53 Spaces per 1,000 SF Leased)
Frontage
236’ on Main St
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Stop & Shop
- Retailer
- 66,272 SF
- $13.21 CAD
- Triple Net
- Sep 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Stop & Shop | Retailer | 66,272 SF | $13.21 CAD | Triple Net | Sep 2030 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WFLD-000012-000000-000001 | Improvements Assessment | $8,359,750 CAD |
| Land Assessment | $2,638,348 CAD | Total Assessment | $10,998,098 CAD |
Property Taxes
Parcel Number
WFLD-000012-000000-000001
Land Assessment
$2,638,348 CAD
Improvements Assessment
$8,359,750 CAD
Total Assessment
$10,998,098 CAD
Contacts
-
Dan Coyle -
Mitchell Fenske -
Daniel Hoogesteger -
Thomas Gorman -
Sands Investment Group
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Stop & Shop - Westfield, MA | 57 Main St
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