Retail

Tops Markets - Rutland, VT

12 N Main St Rutland, VT United States 05701-3245
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Key Facts

Year Built 1958
Tenant TOPS MARKETS, LLC
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
Nicholas Kanich
Senior Director, Capital Markets
Andrew Callahan

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