Tops Markets - Rutland, VT
12 N Main St Rutland , VT 05701

Tops Markets - Rutland, VT - retail for sale

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Overview



Tops Markets, a single-tenant supermarket located in Rutland, VT, is up for sale. It is a regional supermarket operator with 159 locations throughout Vermont, New York and Pennsylvania. The tenant’s net lease structure offers minimal landlord responsibilities and features contractual rental growth in the primary term and the one, 5-year renewal option. The supermarket is located along the main retail thoroughfare that sees traffic counts of 26,000 vehicles per day.

Investment highlights


  • Fee simple interest of 100%
  • Long-term operating history with recent lease renewal through January 2029
  • Annual revenue of $2.6 billion 
  • Net lease structure with below market rent, minimal landlord responsibilities, and contractual rental increases
  • High-performing location with liquor store and sales growth of 12% since 2012
General
Property type Retail
Tenure type Sale/Purchase
Property address 12 N Main St, Rutland, VT 05701-3245
Land in acres 1.82
Building size 27,000  ft2
Year built 1958
Financial
Price $3,161,000
Cap rate 7.75%
Current NOI $245,004.00
Lease
Tenant's name TOPS MARKETS, LLC

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