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Tops Friendly Market: Amherst, NY 3980 Maple Rd 109,461 SF Retail Building Amherst, NY 14226 $19,000,000 ($173.58/SF) 5.79% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN Lease
Opportunity to Acquire Adjacent Parking Parcel at End of Term
Strategic Location Amid Robust Retail Corridor | #1 Retail Area in Buffalo MSA

Excellent Performer with Long Operating History
Extensive Renovations in 2022

EXECUTIVE SUMMARY

CBRE is pleased to exclusively offer for sale the 109,461 SF single-tenant Tops Friendly Market situated on ±7.50 acres in Amherst, NY—a component of the Buffalo, NY MSA (Population: 1.16 million+). Tops Friendly Market’s absolute NNN lease was extended for 15 years through 2038 and now has ±13.0 years of term remaining. Tops’ rent increases by $50,000 in January 2029 and 2034 during the current term and has 5% increases every 5 years during the one 10-year renewal option. Boasting an operating history of 36 years, this Amherst location is an excellent performer with a rent-to-sales under 3.50% and a 23% increase in sales since 2020.