Sperry Van Ness is pleased to offer a portfolio of eight Tops Markets properties: six supermarkets and one distribution/warehouse located in and around the Buffalo/Niagara metro area plus one property in Cortlandville, NY, which is 40 miles south of Syracuse and approximately 180 miles east of Buffalo. The properties are Absolute NNN leased to Tops Markets with initial terms ranging from two to nine years and a corporate guarantee. The entire portfolio will be delivered free and clear of existing debt.
Seven of the eight properties being offered are located in the Buffalo-Niagara MSA and one is located in Cortlandville, NY.
The Buffalo-Niagara MSA consists of two counties, Niagara and Erie. The total population in the MSA is 1,144,796 and the Median Houehold Income is $32,071.
Cortland, NY is approximately 250 miles northwest of New York City between Binghamton (35 miles south) and Syracuse (40 miles north). Cortland is a city of 20,000 people in Cortland County which has a population of 48,000. The median household income is $34,000.