230 High St Waterford, PA 16441
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
T · Waterford, PAWaterford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.