2555 Main St
Newfane, NY 14108
Tops Family Market · Retail Property For Sale

Auction:7/24 - 7/26: Tops Grocery Center - Newfane ***CLOSING TIMEFRAME IS 30 DAYS. PURCHASER SHALL HAVE TWO OPTIONS TO EXTEND CLOSING DATE BY 15 DAYS EACH, FOR A TOTAL CLOSING PERIOD OF 60 DAYS, AS SPECIFIED IN THE PURCHASE CONTRACT AND ADDENDUM.*** ***BIDDER DEPOSITS MUST BE PLACED ONLY BY WIRE TRANSFER OR CASHIERS CHECK OR PARTICIPATION AGREEMENT. CREDIT CARDS WILL NOT BE ACCEPTED.*** Property tours are available by appointment ONLY. Please contact John B. Kaman at (585) 248-9426 or jkaman@pyramidbrokerage.com, or Christopher D. Giunta at (585) 248-9426 or cgiunta@pyramidbrokerage.com. Investment Highlights 18,371 SF freestanding grocery store Property is currently 100% leased by Tops Family Markets Long-term tenant with in-place lease until 2034 Grocer reports strong sales and earnings at location Tenant responsible for all CAM, real estate taxes, and insurance expenses Limited Landlord responsibility Tops only grocer in market Investment Overview: 2555 Main Street (the "Property") is a Tops Family Markets anchored freestanding grocery store located in Newfane, NY. Built in 1962 and renovated in 2013 for $305,000, the Property is situated on a 1.79 acre parcel containing one single-story building totaling 18,371 SF. The plaza is currently 100% occupied by Tops Family Markets, a leading supermarket chain with 181 locations in New York, Pennsylvania, Vermont, and Massachusetts. There is a long-term lease in-place until 2034, and the tenant reports strong sales and earnings at this location, with reported sales around $7,000,000. As a Triple Net lease, Tops Markets is responsible for all CAM, real estate taxes, insurance expenses, and some capital improvements. The Property is an ideal investment with a predictable cash flow from long-term tenant leases. The Town of Newfane is a quaint community located along the scenic shores of Lake Ontario within Niagara County, NY, with a population of approximately 9,666 according to the 2010 census. Town Hall is located in the heart of Newfane, on Route 78. Whether youre a visitor seeking travel information or a resident in need of a building permit, it can all be found at our welcoming, environmentally friendly town hall. Hospitality and location are why Newfane is a popular vacation and trave