42 South Main

About this listing

DESCRIPTION

This is an outstanding opportunity to acquire a stable, cash-flowing retail plaza in the heart of
Churchville, NY. Located on Main Street in the center of the village, this well-maintained plaza
benefits from strong visibility, steady foot traffic, and long-standing tenants that provide
consistent income.
The plaza consists of 8 tenants and is anchored by the highly popular Churchville Grill along
with the United States Post Office, creating reliable daily traffic to the property. These anchors
help support the surrounding tenants and contribute to the plaza’s long-term stability.
The property is a proven income producer, generating over $200,000 in gross annual income
with approximately $165,000 in Net Operating Income (NOI). Most leases are structured as
NNN leases, significantly reducing landlord responsibilities and creating a more passive
investment profile.
Several units have been updated and improved, helping maintain tenant retention and strong
occupancy. Additionally, leases include 5% annual rent increases, providing built-in revenue
growth and strong long-term appreciation potential.
Investment Highlights
 Purchase Price: $1,900,000
 8 Established Tenants
 Anchored by Churchville Grill United States Post Office
 Gross Income: $200,000+ annually
 NOI: Approximately $165,000
 NNN Lease Structure
 5% Annual Rent Increases
 Updated Units Strong Tenant Base
 Located in the Heart of Churchville’s Main Street
This property represents a rare opportunity to acquire a stable, income-producing retail
center in a tight market with strong local tenants and built-in rental growth. Ideal for
investors seeking reliable cash flow with long-term upside.