Price Chopper NNN
For Sale
Contact for pricing
Pending
1 Main Street, Richfield Springs, NY 13439
Corporate-guaranteed grocery tenancy with extended lease duration and multiple renewal options.
Property SizeContact for details
Days on Market144
Property Features for 1 Main Street
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 3:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This fee-simple NNN property is leased to Price Chopper Operating Co., Inc. under a corporate guarantee. The initial lease term has just under 12 years remaining, followed by four five-year extension options. Contractual rent increases include a 6% adjustment in June 2025 and 5% increases at the start of each option period. Landlord obligations are limited to structural repairs under the lease structure.
The property is located at 1 Main Street along W. Main Street, the primary route into downtown Richfield Springs. A prominent pylon sign supports on-site identification, while the property’s position within Richfield Springs Center contributes to crossover traffic. The site serves a five-mile trade area with more than 3,800 residents and is identified as the community’s only grocery store or supermarket. The next nearest national-brand grocery store is 15 miles north in Ilion, NY.
The property is located at 1 Main Street along W. Main Street, the primary route into downtown Richfield Springs. A prominent pylon sign supports on-site identification, while the property’s position within Richfield Springs Center contributes to crossover traffic. The site serves a five-mile trade area with more than 3,800 residents and is identified as the community’s only grocery store or supermarket. The next nearest national-brand grocery store is 15 miles north in Ilion, NY.
Key Highlights
- Just under 12 years remain in the initial lease term
- Four 5‑year extension options follow the initial term
- 6% rent increase scheduled for June 2025
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 13439, NY
3,681
Population
2,192
Households
1.7
Avg Household Size
49
Median Age
30%
College-Educated
88%
High-School Grad
87.9 sq mi
ZIP Area
42
Density / Sq Mi
$63,681
Median Household Income
$35,818
Median Earnings
$827
Median Rent
$184,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed grocery tenancy with extended lease duration and multiple renewal options.
Where is this nnn property located?
The property is located at 1 Main Street Richfield Springs, NY.
What are key features of this property?
This property features: Just under 12 years remain in the initial lease term; Four 5‑year extension options follow the initial term; 6% rent increase scheduled for June 2025
