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Property profile & analytics
OFF-MARKET Estimated value $995,000
Grocery and convenience stores

230 High St Waterford, PA 16441

21,083 SF 6.01 ac lot Built 1972
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-4120228
Property summary
AI-generated overview

This exceptional investment opportunity presents a 21,083-square-foot grocery store located at 230 High St, Waterford, PA 16441. The property, situated on a 6.011-acre lot, is currently 100% occupied by a TOPS Market operating under an Absolute NNN lease. The lease expires December 30, 2025, with two five-year extension options available, extending the lease through 2035. The asking price is $1,700,000, translating to $80.63 per square foot. Built in 1972, the single-building property is zoned B-1 and features a strong tenant in TOPS Market, recently merged with Price Chopper, solidifying its position as a major regional player. The tenant is responsible for all property taxes, insurance, and common area maintenance, including the parking lot and roof, minimizing the owner's operational responsibilities. This is a true NNN lease offering a passive income stream with significant long-term potential. The property's APN is 46-009-067.0-009.00. This is a rare opportunity to acquire a well-established, high-performing grocery store investment in a desirable location. The remaining lease term is approximately 1.1 years.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1972
Construction FRAME
Total area 21,083 SF
Lot 6.01 ac (261,839 SF)
Zoning code T
APN 46-009-067.0-009.00
UPID US73-4120228
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tops Friendly Markets Specialty Food Shop Supermarket
  • Primo Water Refill & Exchange Big Box & Wholesale Store
  • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
  • Coinhub Bitcoin ATM Teller Atm
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$995k
Owner & transaction history
Tops Markets LLC · 3 yrs held
Tops Markets LLC
since 2023
3 recorded transactions
2023
Price N/A
2005
$600,000
1969
Price N/A
Zoning & alternative use
T · Waterford, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.6M +6.1%
Restaurant $1.6M +2.4%
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