Stop & Shop

Investment Overview

Investment Highlights

• The property is over-parked and has the ability to add a pad site; while the current tenant did not have interest in doing so, a new buyer could explore the option as various other tenants previously expressed interest in opening a pad location on site.
• Stop & Shop recently closed this location as part of its program to close stores across the country; while the building will soon be vacated, specific timing is not yet certain, and the tenant is still contractually obligated to pay rent.
• Due to the lack of large supermarkets in eastern Greenwich, this supermarket services two exceptionally affluent Greenwich communities that are located just moments away: Old Greenwich and Riverside, both of which are ranked among the 25 wealthiest places in the country with average household incomes in excess of $300,000.
• Well positioned along Route 1 / West Main Street (11,200 vehicles per day), a prominent retail corridor that connects to Downtown Stamford to the east and the affluent residential community of Greenwich to the west, at its signalized junction with Alvord Lane