Seekonk Stop & Shop and CVS Plaza hit the market for $17 million

Here’s a neat little investment bargain if you just have a few dollars burning a hole in your pocket. It could be an interesting business if you also like to eat.

The Stop & Shop store at 1475-1479 Newman Avenue in Seekonk is for sale. The deal also includes a CVS store with a drive-thru window and a vacant 7,810-square-foot lettable unit “on a huge parcel” of land.

Seekonk Stop & Shop, CVS Plaza goes on sale

If you’ve ever wondered what it would cost to buy your own supermarket and pharmacy, commercial real estate investment brokerage and capital markets advisory firm Marcus & Millichap lists the sale price at $17,550,376. .

I guess owning your own marketplace could come in handy these days.

Seekonk Stop & Shop, CVS Plaza goes on sale

Barry Richard/Townsquare Media

Marcus & Millichap said the Stop & Shop store is approximately 40,734 leasable square feet and has 16.7 years remaining on its lease with the current owner. The current annual rent is $264,771.

CVS occupies 12,900 leasable square feet and has a 25-year lease. She pays an annual rent of $550,000.

According to the agency’s website, the set sits on a 9.13-acre parcel of land.

It’s not every day that an opportunity to buy a supermarket, a pharmacy, a vacant storefront and a lot of land comes your way in one package.

I’m not too sure what the down payment on all of this would be or what the monthly mortgage payment might look like. One thing is certain: it’s more than I have in the bank. I guess I’ll leave it to you.

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