Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate


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Year Built 1958
Building Area
Land Area

Property Description

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.

Investment Highlights

  • 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
Last Updated Date: 27 Jul 2020
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
Andrew Callahan

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Last Updated Date: 27 Jul 2020

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