Investment Overview

Marcus & Millichap is pleased to exclusively present Tops Friendly Markets, a leading grocer in upstate New York, with a new 10-year lease extension through December 31, 2034. This is a corporate lease with Tops Markets, LLC, which operates 149 locations. Tops has been at this location since 1994, demonstrating a strong commitment to the site. The property features excellent grocery store metrics, including a healthy base rent-to-sales ratio and strong sales trending upward (contact agent for details). This property offers future upside potential, thanks to its ideal real estate fundamentals. It is situated on an oversized 5.6-acre lot with approximately 238 parking spaces and optimal visibility with over 970 feet of frontage. The location also features a fuel station and includes a 10,000-square-foot adjacent building subleased to Wrights Corners. The property is ideally positioned within the trade area, with limited competition. The nearest grocer is 4.2 miles away and has significantly fewer visits in the last 12 months (per Placer.ai). The property is only 22 miles from Buffalo Niagara International Airport, which had 4.6 million passengers in 2023, and is not far from Niagara Falls International Airport. Additionally, this location is in close proximity to Niagara Falls State Park, one of the most visited attractions in the United States, with 8 million annual visitors.