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NNN Property for Sale within 50 kilometers of Middlebury, VT, USA

More details for 63 Plaza Dr, Northfield, VT - Retail for Sale

Northfield Shopping Plaza - 63 Plaza Dr

Northfield, VT 05663

  • NNN Property
  • Retail for Sale
  • Price Upon Request
  • 23,213 SF

Northfield Retail for Sale

Northfield Shopping Plaza is a 23,285 SF grocery-anchored neighborhood center serving the only full-service grocery trade area in the region. Tops Markets occupies 14,040 SF under a lease through September 2034 with renewal options to 2059. The store operates in the top decile of rural grocery stores nationally with a ~2.5% rent-to-sales ratio and zero competing grocers in the trade area. 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.

Contact:

Iceberg Net Lease

Property Subtype:

Freestanding

Date on Market:

2026-07-08
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