INVESTMENT HIGHLIGHTS
LONG-TERM GROUND LEASE: The Big-Y corporate ground lease has an initial 22- year term with five (5), 5-year renewal options. The ground lease features attractive 10.0% rent increases every five years throughout the primary lease term and at the start of each renewal option period. The Big-Y ground lease requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, and repairs, making it an attractive investment for the passive real estate investor.
CORPORATE LEASE: Big-Y is one of the largest independently owned supermarket chains in New England, and it employs over 12,000 people. In 2021 Big Y was the 210th-largest private company in the United States, according to that year's Forbes magazine "Largest Private Companies" list. Single Tenant grocery stores are among the rarest and most sought-after net lease investment properties in the market today due to the perpetual demand with customers, their “essential retailer” status, strong corporate backing, and excellent underlying real estate fundamentals.
STRATEGIC RETAIL LOCATION: The Property is situated adjacent to the intersection of South Main Street (MA Route 122) and Quaker Highway (MA Route 146A). The Property is located 1-mile from the Uxbridge High School, and 1.5-miles from the Worcester-Providence Turnpike (MA Route 146). The Property is 1-mile from the center of Uxbridge and benefits from its location along South Main Street (MA route 122) the town’s primary commercial and commuter corridor.
