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Northfield Shopping Plaza 63 Plaza Dr 23,213 SF 100% Leased Retail Building Northfield, VT 05663 For Sale
Investment Highlights
- Monopoly Grocery Anchor — Zero Competition
- Long-Term Lease — Control Through 2059
- Captive, Undersupplied Market
- Top-Decile Store Performance
- Immediate Junior Box Value-Add Opportunity
Executive Summary
Two entry points. In-place Tops-only NOI of $105,168 — verified, no assumptions. Or acquire the grocery anchor plus 9,245 SF of adjacent vacancy delivering September 2025, stabilizing at $179,128 NOI at market rents.
Vermont zoning and market scale make new grocery development here economically unviable. 71% homeownership within 5 miles. Norwich University and Montpelier state employment within 12 miles. Demand is captive, stable, and recession-resistant.
Unpriced. Highest and best offers invited.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 14,040 SF
- -
- Triple Net
- Sep 2034
Tops Friendly Markets is a long-established supermarket chain based in the Buffalo and Williamsville area of New York. Originally founded in Niagara Falls, the company has expanded its presence throughout New York, Pennsylvania, and Vermont. Its stores offer a full range of grocery items along with pharmacies, fuel stations, prepared foods, and various community-oriented services. The organization supports its retail network through distribution facilities located in Western New York. Guided by a strong emphasis on local sourcing, community involvement, and sustainable practices, Tops continues to play an important role in the neighborhoods it serves. Its corporate functions—including leadership, administrative operations, and customer service—are centered in the Buffalo and Williamsville region. Through its retail offerings, partnerships, and engagement initiatives, Tops remains a familiar and valued presence across the communities in which it operates.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 14,040 SF | - | Triple Net | Sep 2034 |
Property Taxes
| Parcel Number | 441-139-11602 | Improvements Assessment | $1,873,448 CAD |
| Land Assessment | $396,848 CAD | Total Assessment | $2,270,296 CAD |
Property Taxes
Presented by
Northfield Shopping Plaza | 63 Plaza Dr
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