57 Main St - Supermarket FOR SALE


Westfield, MA 01085- Downtown Westfield
$9,327,170 USD
615-235-3548
57 Main St, Westfield, MA for Sale
$9,327,170 USD
Supermarket - FOR SALE
1/5
null | 6.75% Cap Rate

57 Main St
Westfield, MA 01085
Downtown Westfield


HIGHLIGHTS

  • Stop & Shop has successfully operated at this location since 2000, making it a true generational grocery asset.
  • The tenant exercised its renewal option in 2024, extending the lease through September 2030. There are 4 additional, 5-year options remaining.
  • The lease is corporately guaranteed by Ahold Delhaize (BBB+/Baa1), one of the largest grocery operators in the world.
  • Positioned at the primary retail arterial connecting Main and Broad Streets. The site commands strong visibility in the heart of downtown Westfield.
  • Ownership has invested over $550,000 in major improvements, including a full roof replacement with a warranty in place until March 2040 and parking.
  • Westfield serves as a stable Springfield area community with over 40,000 residents and household incomes exceeding $100,000.

OVERVIEW

Sands Investment Group is pleased to exclusively offer the 66,272 SF Stop & Shop located along the primary retail corridor connecting Main and Broad Streets. Stop & Shop has operated at this location for over 25 years and recently exercised an early lease extension, demonstrating long-term commitment. The lease has 4+ years remaining with 4 additional, 5-year options and is backed by a corporate guarantee from Ahold Delhaize (S&P: BBB+ / Moody’s: Baa1). The investment includes $0.50 PSF rent increases at each option period, proximity to Westfield State University, and attractive assumable financing with a below market 3.46% fully amortizing rate maturing in 2040. This offering provides stable, investment-grade income at a 6.75% CAP Rate. In Cooperation With Sands Investment Group Massachusetts, LLC - Lic. #424071-RE-L BoR: Tom Gorman - Lic. MA #1000609-RB

FOR SALE DETAILS

PRICE

$9,327,170 USD

PRICE/SF

$145 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stop & Shop - Westfield, MA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

6.62 AC

LAND SF

288,367 SF

ZONING

-

APN/PARCEL ID

WFLD-000012-000000-000001

ASK ABOUT THIS PROPERTY

Dan CoyleSands Investment GroupMore Info
615-235-3548

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Dan CoyleSands Investment GroupMore Info
615-235-3548

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.