63 Plaza Dr - Freestanding FOR SALE


Northfield, VT 05663
$2,227,627 USD
63 Plaza Dr, Northfield, VT for Sale
$2,227,627 USD
Freestanding - FOR SALE
1/6
null | 9% Cap Rate

63 Plaza Dr
Northfield, VT 05663


HIGHLIGHTS

  • Monopoly Grocery Anchor – Anchored by Tops Markets, the only full-service grocer in the extended trade area, driving entrenched weekly visitation
  • Top-Decile Store Performance – ~2.5% rent-to-sales ratio reflects ultra-low occupancy cost and strong store-level economics
  • Defensive Tenant Mix – Complemented by Dollar Tree (Fortune 200) at below-market rent, supporting stable traffic and renewal probability
  • Captive, Undersupplied Market – Zero competing full-service grocers with high barriers to new grocery development

OVERVIEW

Northfield Shopping Plaza is a monopoly grocery-anchored shopping center located in a highly captive and structurally undersupplied Vermont market. The property is anchored by Tops Markets, the only full-service grocer in the extended trade area, positioning the center as the primary daily-needs destination for the surrounding community and creating entrenched weekly visitation. Tops operates with exceptionally strong store-level performance, reflected in an estimated ~2.5% rent-to-sales ratio, demonstrating ultra-low occupancy cost, strong unit-level profitability, and long-term operating sustainability. The lease runs through 2034 with multiple renewal options extending control through 2058, reinforcing the irreplaceable nature of the location and supporting long-term tenant retention. The grocery anchor is complemented by Dollar Tree, a Fortune 200 essential-goods retailer operating at below-market rent. In rural and tertiary markets, Dollar Tree locations consistently exhibit stable occupancy, reliable traffic, and strong renewal behavior, further enhancing the defensive nature of the tenant mix. With zero competing full-service grocers, high barriers to new supply, and in-place rents materially below replacement cost, Northfield Shopping Plaza offers durable, recession-resistant cash flow and real yield. The asset is well-suited for investors seeking essential retail exposure in a controlled trade area where monopoly positioning and necessity demand drive long-term performance.

FOR SALE DETAILS

PRICE

$2,227,627 USD

PRICE/SF

$96 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northfield Shopping Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

118

LAND DETAILS

LAND ACRES

4.06 AC

LAND SF

176,854 SF

ZONING

C

APN/PARCEL ID

441-139-11602

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