1175 Main St - Supermarket FOR SALE
Clinton, MA 01510 |
1175 Main St
Clinton, MA 01510
HIGHLIGHTS
- Shaw’s Supermarket lease is double net (NN) leasehold with 6+ years remaining on the lease term.
- A total roof replacement was performed in 2018, further minimizing the landlord’s immediate out-of-pocket operating expenses.
- Shaw’s Supermarket has been in its location for over 20 years with a percentage rent which is calculated at 1.00% of sales over $18mm per year.
- Shaw’s is in a heavy-traffic corridor of Clinton between I-190 and I-495 with traffic counts of about 10,000 cars per day.
- Aside from the Hannaford supermarket, there are no other national grocers within a three-mile radius of the property.
- Shaw’s Supermarket is a subsidiary of Albertson’s which gives the new owner a corporate guarantee.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Double Digit Cap Expected
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
54395
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
460
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
CLIN-000048-002997
