42 S Main Street

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. 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.