Grocery Anchored Retail Center -Price Chopper | 56-72 Commons Dr
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Grocery Anchored Retail Center -Price Chopper 56-72 Commons Dr
77,413 SF 100% Leased Retail Building Derby, VT 05829 For Sale
Investment Highlights
- Grocery Anchored Shopping Center: Privately-owned and operated Price Chopper anchored shopping center, currently 91.3% leased to 4 service retailers
- Exceptionally Attractive Basis: The Property is expected to trade at a significant discount to replacement cost
- Strategically situated at a signalized intersection along Rt. 5 and just off of I-91, benefiting from regional traffic as well as vistors to nearby am
- Price Chopper opened this store in 2006 and have term through June 2031 (plus extensions), solidifying themselves as the Property's anchor tenant
- Below market in-place rents and current vacancy offers investors the opportunity to generate significant NOI growth through programmatic leasing
Executive Summary
Atlantic Capital Partners is pleased to offer for sale Price Chopper Plaza, the preeminent grocery-anchored shopping center in Derby, VT. The 21.91 acre site is ideally situated along Rt 5, just off I-91, the main interstate that services Vermont. Price Chopper Plaza sits less than ½ mile from a Walmart Supercenter and two miles from downtown Newport, VT, which both enhance daily traffic and exposure to the center. In addition, the Property sits just 15 miles from Jay Peak Mountain Resort and is the last stop for customers traveling to Jay Peak from the New England states.
Price Chopper Plaza is presently 91.3% leased to four retail tenants with 7.3 years of weighted average remaining lease term and projected 10-year CAGR of 2.68%. This offering allows investors to pursue one of the most sought-after asset classes – a grocery anchored shopping center – while realizing returns through leasing opportunities. The stability of this Price Chopper location, making up for 73% of the gross leasable area and 78% of the revenue of the center, provides investors with surety of cash-flow through the grocer's LXD, with four, five-year extension options thereafter.
VT License: 081.0134143
Price Chopper Plaza is presently 91.3% leased to four retail tenants with 7.3 years of weighted average remaining lease term and projected 10-year CAGR of 2.68%. This offering allows investors to pursue one of the most sought-after asset classes – a grocery anchored shopping center – while realizing returns through leasing opportunities. The stability of this Price Chopper location, making up for 73% of the gross leasable area and 78% of the revenue of the center, provides investors with surety of cash-flow through the grocer's LXD, with four, five-year extension options thereafter.
VT License: 081.0134143
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
77,413 SF
Building Class
B
Year Built
2006
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Land Acres
21.91 AC
Zoning
Commercial
Parking
432 Spaces (5.58 Spaces per 1,000 SF Leased)
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 177-056-12739 | Improvements Assessment | $7,749,686 CAD |
| Land Assessment | $2,006,511 CAD | Total Assessment | $9,756,197 CAD |
PROPERTY TAXES
Parcel Number
177-056-12739
Land Assessment
$2,006,511 CAD
Improvements Assessment
$7,749,686 CAD
Total Assessment
$9,756,197 CAD
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Sam Koonce -
Atlantic Capital Partners
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Grocery Anchored Retail Center -Price Chopper | 56-72 Commons Dr
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