Atlantic Capital Partners sells four Stop & Shop-anchored assets for $70 million

Swampscott, MA Atlantic Capital Partners has sold four Stop & Shop assets for $70 million totaling 272,542 s/f. The portfolio consisted of assets in the communities of Malden, Swampscott, Framingham, and Bristol, RI. Justin Smith, head of Capital Markets; Chris Peterson, vice president of Capital Markets;  and Sam Koonce, associate, oversaw the transaction which had Atlantic Capital Partners exclusively representing both buyer and seller.

The portfolio is 100% leased by Stop & Shop, a division of Ahold Delhaize USA Inc., which is the third-largest supermarket operator in the country. Stop & Shop is New England’s dominant grocer by market share.

With each asset featuring highly productive grocery stores and unmatched trade-area demographics, the portfolio offers exceptional stability and surety of cash flow. Smith said, “These generational assets afford future ownership with extremely durable cash flow from an investment-grade tenant. In addition to the credit profile, the underlying real estate for each of these assets is what made the portfolio so attractive to investors.” 

These properties are surrounded by dense populations in markets with the average household income within a three-mile radius exceeding $125,000. Peterson said, “This portfolio provides geographic diversity for the buyer and afforded the seller the opportunity to realize accretive gains on four legacy assets.”