Overview
Atlantic Capital Partners has been exclusively engaged to market for sale Stow Shopping Center, a grocery-anchored shopping center located in the Metro Boston community of Stow, Massachusetts. Well-positioned in Middlesex County, Stow Shopping Center is situated along Route 117 (Great Road) which is the main thoroughfare that serves the communities of Acton, Maynard, Stow and Hudson. Just minutes from Interstate 495, the local community benefits from its proximity to many of New England’s most notable employers.
Totaling 124,405 square feet, Stow Shopping Center is presently 87% leased by twelve ideally curated service-oriented retail tenants. The asset has been anchored by Shaw’s Supermarket since 1997 and will continue to serve as the draw to the asset through November 2027. Shaw’s operates a 52,000 square foot store under a well below market lease, paying just $11.95 PSF per square foot. Their presence at the site has contributed to the overall performance of the asset’s co-tenants and is a large reason why the tenancy has been in-place for over 22 years. With 6 inline spaces currently available totaling 16,518 square feet, future ownership has the ability to implement a programmatic leasing campaign that will yield near-term NOI growth.
Stow Shopping Center is being offered for sale without a formal asking price, free-and-clear of existing debt.
Investment Highlights
GROCERY - ANCHORED SHOPPING CENTER - Institutionally owned- and-operated 124,405 square foot shopping center currently 87% leased to a mix of twelve service-oriented retailers including a Shaw’s Supermarket
LONG - STANDING TENANCY- With a weighted-average tenure of nearly 22.3 years, the assets features a permanence to the rent roll that is unmatched
STABLE RENT ROLL WITH UPSIDE VIA BELOW MARKET LEGACY LEASES - Future ownership has the opportunity to drive NOI as long-standing leases roll to market
MULTIPLE AVENUES FOR NOI GROWTH - Ability to push going-in yield via a programmatic leasing initiative that backfills existing contiguous spaces
AFFLUENT MIDDLESEX COUNTY DEMOGRAPHICS - Strategically situated between downtown Maynard and Stow, the property pulls from an affluent immediate trade-are with three mile incomes of over $200,000
INSTITUTIONALLY MAINTAINED - Offered for sale free-and- clear of existing debt, the Stow Shopping Cetner has been meticulously maintained, limiting future ownerships capital obligations
Sales Team
