Property details

Real Estate Portfolios, Northeast Region

Property Description

Real Estate Portfolios

• Real Estate Portfolios like this are rare

• Absolute NNN - no exp/management responsibilities

• Portfolio Sale @ 8.4% Cap Rate ($45 psf)

• Leading supermarket in this region of the state

• 6 Properties included

Real Estate Portfolio of six Tops Markets properties guaranteed by Tops Markets consisting of 4 supermarkets and 1 distribution/warehouse in a metro area plus 1 retail property in another city. All properties are Absolute NNN leased to Tops Markets with corporate guarantees and leases with initial terms ranging from 2 to 9 years.

The real estate portfolios are Absolute NNN leased with initial terms ranging from two to nine years and a corporate guarantee. The entire real estate portfolio will be delivered free and clear of existing debt.

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Highlights

Status:
Available
Price:
$10,700,000
PSF:
$40
Cap Rate:
8.40%
Annual Rent:
$898,265
Rent Increases:
None
 

Property Information

Building Size:
264,490 sq.ft.
Property Type:
Portfolios
Industry Type:
Retail
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.