Investment-Grade (A+ Credit) Retail Offering - 2025 Build-to-Suit - Boston MSA
152 Endicott Street, Danvers, MA, 01923, US
$12,800,000
Asset description
JLL Capital Markets is pleased to offer for sale a single tenant Stop & Shop located in the affluent suburban community of Beverly, Massachusetts. The +/- 60,666 square foot grocer sits on a 4.9 acre lot strategically along Enon Street and near MA-128 as well as the area's main retail node. 37 Enon Street was the original home to the first Marshalls store in the United States in the 1950’s and is now occupied by a free-standing Stop & Shop location that has term until June 2027.
37 Enon Street offers steady cash flow with significant lease and redevelopment optionality to a variety of uses including Multi-Family. The Property offers investors a rare opportunity to acquire value add retail in one of Greater Boston's most affluent and desirable communities.
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Attributes
Building area net
60,666 sf
Parcel
4.9 acres
Occupancy
100%
NOI
$562,000
Call for offers
06/05/2025
Media
Investment highlights
• +/- 60,666 SF grocer located in Beverly, Massachusetts on a 4.9 acre lot
• Free-standing, single tenant stand-alone building currently occupied by Stop & Shop
• 37 Enon Street was the original location of the first ever Marshalls
• Attractive in-place zoning in a high barrier-to-entry market with strict zoning and scare developable land
• Potential Multi-Family investment opportunity
• Affluent Demographics with over 130,000 people living within a 5-mile radius and incomes above $140,000
Contact brokers
Stop & Shop - 37 Enon Street Beverly, MA (0 Properties)
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Last updated
May 15, 2025
