Overview
Atlantic Capital Partners has been exclusively engaged to market for sale Yarmouth Shopping Center, an institutional-quality grocery-anchored shopping center located in Yarmouth, MA. Located on Cape Cod, with over 5M annual visitors and an annual influx of summer residents nearly doubling the population, the asset benefits from its strategic location at a signalized intersection, adjacent to Route 6, with over 56,000 vehicles per day.
Yarmouth Shopping Center is currently 100% leased to eight retail tenants featuring a weighted average remaining lease term of 6.9 years. The asset has been anchored by Stop & Shop since 1987, when originally developed, and home to Yarmouth Wine & Spirits, which has been operating on site since 1991, drawing significant traffic to the center. Furthermore, the offering includes ownership of two condo units totaling 3,316 square feet within the Condominium Outparcel. These two additional tenants are part of a five-unit condo structure in which current ownership does not own all of the units.
Yarmouth Shopping Center is being offered for sale, free and clear of existing debt, through a formal call for offers process.
Investment Highlights
STOP & SHOP ANCHORED SHOPPING CENTER
59,687 square foot shopping center located in the coastal community of Yarmouth, MA. The offering also includes ownership of two (2) leased condo units totaling 3,316 SF of the five-unit, 6,673 SF Condominium Outparcel
LONG-TERM TENANCY
The asset boasts an average tenure of 31.2 years with several retailers having exercised numerous contractual lease extensions
IDEALLY LOCATED OFF ROUTE 6
Yarmouth Shopping Center is ideally located at the signalized intersection of Station Avenue and White's Path, just 1/4 of a mile from Exit 8 on Route 6
RARE CAPE COD MASSACHUSETTS OFFERING
As a highly sought-after destination, Cape Cod attracts approximately 5.5M visitors annually
LIMITED MARKET COMPETITION
The asset benefits from minimal market competition as one of only two grocers in the town of Yarmouth
KONINKLIJKE AHOLD GUARANTY
Koninklijke Ahold has a market cap of $34.71 Billion with over 7,659 locations in the US across different supermarket concepts
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