3980 Maple Rd - Supermarket FOR SALE


Amherst, NY 14226
$19,000,000 USD
404-441-3849
3980 Maple Rd, Amherst, NY for Sale
$19,000,000 USD
Supermarket - FOR SALE
1/4
null | 5.79% Cap Rate

3980 Maple Rd
Amherst, NY 14226


HIGHLIGHTS

  • Absolute NNN Lease
  • Excellent Performer with Long Operating History
  • Opportunity to Acquire Adjacent Parking Parcel at End of Term
  • Extensive Renovations in 2022
  • Strategic Location Amid Robust Retail Corridor | #1 Retail Area in Buffalo MSA

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

5.79%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tops Friendly Market: Amherst, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

428

LAND DETAILS

LAND ACRES

7.5 AC

LAND SF

326,700 SF

ZONING

CTR-5

APN/PARCEL ID

142289-054-030-0001-009-110

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.