273 Main St
North Creek, NY 12853

Auction:7/24 - 7/26: Tops Grocery Center - North C ***CLOSING TIMEFRAME IS 30 DAYS. PURCHASER SHALL HAVE TWO OPTIONS TO EXTEND CLOSING DATE BY 15 DAYS EACH, FOR A TOTAL CLOSING PERIOD OF 60 DAYS, AS SPECIFIED IN THE PURCHASE CONTRACT AND ADDENDUM.*** ***BIDDER DEPOSITS MUST BE PLACED ONLY BY WIRE TRANSFER OR CASHIERS CHECK OR PARTICIPATION AGREEMENT. CREDIT CARDS WILL NOT BE ACCEPTED.*** Property tours are available by appointment ONLY. Please contact Christopher D. Giunta at (585) 248-9426 or cgiunta@pyramidbrokerage.com, or William C. Colucci at (315) 445-8505 or wcolucci@pyramidbrokerage.com. Investment Highlights: 26,703 SF Tops Family Markets grocery-anchored retail plaza Long-term anchor tenant with in-place lease until 2035 Grocer reports strong sales and earnings at location Tops reimburses Landlord for pro rata share of capital improvements Value-Add opportunity through lease-up of the available 3,731 SF Investment Overview: 273 Main Street (the "Property") is a Tops Family Markets anchored retail plaza located in North Creek, NY. Built in 1988, the Property is situated on a 2.51 acre parcel and contains one single-story building totaling 26,703 SF with three retail units. The plaza is currently 84.46% occupied by Tops Family Markets and Adirondack Spirits. Tops, a leading supermarket chain with 181 locations in New York, Pennsylvania, Vermont, and Massachusetts, has a long-term lease in-place until 2035. They reports strong sales and earnings at this location, with reported sales around $6,800,000. In 2015 the Tops spent $200,000 to update their space, and reimburses the Landlord for pro rata share of any capital improvements made to the property. The Property is an ideal value-add investment through lease-up of 3,731 SF of vacant space and a predictable cash flow from the long-term Tops lease. North Creek is a census-designated area and hamlet in the Adirondack Park, in the Town of Johnsburg, in Warren County, New York. It is an area known for skiing, hiking and other outdoor recreational activities. Johnsburg is the largest town in Warren County in the heart of the Adirondack Park on the Hudson River. It is comprised of the hamlets of Bakers Mills, North River, Johnsburg, North Creek, Riparius, and Wevertown, as well as the settlements of Sodom, Christian Hill, The Glen, and Garnet Lake. Total population of the Town is 2,395 (as of the 20