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|Tenant||TOPS MARKETS, LLC|
|Last Updated Date||26 Jun 2020|
JLL is pleased to offer Tops Markets, a single-tenant supermarket located in Rutland, VT, for sale. It is a regional supermarket operator with 159 locations throughout Vermont, New York and Pennsylvania.
The supermarket is located along the main retail thoroughfare that sees traffic counts of 26,000 VPD. It has a long-term operating history with recent lease renewal through January 2029.
- Annual revenue of $2.6 billion
- Net lease structure with one, 5-year renewal option
- Below market rent, minimal landlord responsibilities, contractual rental increases
- High-performing location with liquor store and sales growth of 12% since 2012