63 Plaza Dr, Northfield, VT for Sale
Freestanding - FOR SALE
1/5
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63 Plaza Dr
Northfield, VT 05663


HIGHLIGHTS

  • Monopoly Grocery Anchor — Zero Competition
  • Top-Decile Store Performance
  • Long-Term Lease — Control Through 2059
  • Immediate Junior Box Value-Add Opportunity
  • Captive, Undersupplied Market

OVERVIEW

Northfield Shopping Plaza is a 23,285 SF grocery-anchored neighborhood center serving the only full-service grocery trade area in the region. Tops Markets occupies 14,040 SF under a lease through September 2034 with renewal options to 2059. The store operates in the top decile of rural grocery stores nationally with a ~2.5% rent-to-sales ratio and zero competing grocers in the trade area. Two entry points. In-place Tops-only NOI of $105,168 — verified, no assumptions. Or acquire the grocery anchor plus 9,245 SF of adjacent vacancy delivering September 2025, stabilizing at $179,128 NOI at market rents. Vermont zoning and market scale make new grocery development here economically unviable. 71% homeownership within 5 miles. Norwich University and Montpelier state employment within 12 miles. Demand is captive, stable, and recession-resistant. Unpriced. Highest and best offers invited.

FOR SALE DETAILS

PRICE

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CAP RATE

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% 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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