Shopping Community
AUCTION: Grocery Anchored Center | Tops Plaza
1963 US-20, Waterloo, NY 13165
Starting Bid: $1,250,000
Investment Overview
The subject property is a 122,799-square-foot, 99 percent leased, grocery-anchored retail center offering investors reliable in-place cash flow supported by a durable tenant base.
Located at a high-traffic intersection along U.S. Route 20, Tops Plaza enjoys exceptional visibility and accessibility between the communities of Waterloo and Seneca Falls. The property sits in a regional retail corridor with strong daily traffic draw and features a valuable bank outparcel and the potential to develop several pad sites. Tops has a ground lease currently in place with an accepted site plan to construct and operate a gasoline filling station. With land available for an additional outparcel building, the site presents both secure income today and tangible upside for future development making it a rare, institutional-quality asset in a growing Upstate New York market.
Starting Bid: $1,250,000
Investment Highlights
- Proven Grocery Anchor Drives Daily Traffic
- Credit Tenants Occupy 80% of the GLA
- Prime Location with Pad Expansion Potential
- Recent Capital Expenditures and Property Enhancements
Investment Overview
The subject property is a 122,799-square-foot, 99 percent leased, grocery-anchored retail center offering investors reliable in-place cash flow supported by a durable tenant base. Located at a high-traffic intersection along U.S. Route 20, Tops Plaza enjoys exceptional visibility and accessibility between the communities of Waterloo and Seneca Falls. The property sits in a regional retail corridor with strong daily traffic draw and features a valuable bank outparcel and the potential to develop several pad sites. Tops has a ground lease currently in place with an accepted site plan to construct and operate a gasoline filling station. With land available for an additional outparcel building, the site presents both secure income today and tangible upside for future development making it a rare, institutional-quality asset in a growing Upstate New York market.
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