Tops Friendly Markets Portfolio

Single Tenant Grocery Store Portfolio, Northeast (NY & PA)

Deal Type:

Net Lease

Ownership Type:

Fee Simple

Price:

$33,000,000

Cap Rate:

7.34%

Current Rent:

$2,431,800

Building Sq. Ft.:

205,654 Portfolio SF

Site Size:

40.13 Portfolio Acres

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Investment Highlights

9-Unit single tenant grocery portfolio located across Western NY and PA. Strong performing stores (some sales nearly $1,000 per square foot)
Properties located along major retail corridors with over 10 years of weighted average lease term remaining and long operating histories.
NNN/NN lease structures with limited landlord responsibilities (capital replacements can be amortized in 7/9 locations) and rental increases during the base term and option periods.
Tops Markets was founded in Niagara Falls, NY in 1962. Withover 14,000 employees, 149 full service supermarkets and 59 fuel stations, these neighborhood stores are specifically located in cities and small rural towns across New York, Pennsylvania and Vermont. Headquartered in Williamsville, NY they distribute out of Lancaster, PA and West Seneca, NY.

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Adam English

Managing Director
256 694 9803
[email protected]

Adam Baxter

Vice President
205 394 3520
[email protected]

Broker of Record: Mike Antonoplos, Lic. #PA-RM044945, #NY-109923763

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