RK Centers has paid $6.35 million for a freestanding Stop & Shop in Foxboro.
Built in 1999, Stop & Shop executed a long-term lease as part of a build-to-suit with the prior ownership for the 65,000-square-foot property.
Cushman & Wakefield brokered the sale.
"This property is ideally located in Metro Boston," Cushman & Wakefield Executive Director Geoffrey Millerd said. "Competition among well-located retail assets in the Boston area that have excellent tenancy, such as Stop & Shop, generating secure stable cash flow have been highly coveted by investors throughout 2013."
