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RK Centers Acquires Stop & Shop Ground Lease in Walpole, Massachusetts, for $6.3M

565-main-st-walpole-ma

Located at 565 Main St. in Walpole, Mass., the 12.5-acre ground lease includes a 75,096-square-foot Stop & Shop grocery store.

WALPOLE, MASS. — RK Centers has acquired a 12.5-acre ground lease of a Stop & Shop in Walpole for $6.3 million. Located at 565 Main St., the ground-lease property includes a freestanding 75,096-square-foot Stop & Shop grocery store. Constructed in 2002, the building also features an in-store Citizens Bank and the site has 398 parking spaces. Geoffrey Millerd and Justin Smith of NGKF Capital Markets represented the buyer in the deal. The name of the seller was not released.

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