56-72 Cmns Dr, Derby, VT 05829
77,413 SF | 100% Leased | Retail Building | Derby, VT 05829 | For Sale
For Sale
Active
- Property Type
-
Retail, Restaurant
- Square Feet
- 77,413 SF
Listing Contacts
Sam Koonce
Property Overview
RIMarketplace online auction April 17-19.
Atlantic Capital Partners, in conjunction with RI Marketplace, 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
Atlantic Capital Partners, in conjunction with RI Marketplace, 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
Property Details
- Class
- B
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 954,400 SF
Highlights
- Grocery Anchored Shopping Center: Privately-owned and operated Price Chopper anchored shopping center, currently 91.3% leased to 4 service retailers
- Price Chopper opened this store in 2006 and have term through June 2031 (plus extensions), solidifying themselves as the Property's anchor tenant
- Exceptionally Attractive Basis: The Property is expected to trade at a significant discount to replacement cost
- Below market in-place rents and current vacancy offers investors the opportunity to generate significant NOI growth through programmatic leasing
- 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
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].