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Off Market
1/6

400 State Route 3
Plattsburgh, NY 12901


HIGHLIGHTS

  • Long-Term NNN Ground Lease | Corporate Tenant with Iconic Brand Recognition | 10% Rental Increases Every Five Years
  • High-Traffic, Freeway-Visible Location | 33,150 AADT at Signalized Intersection | Adjacent to On/Off Ramps for Interstate 87, a Major North/South Rout
  • Strong Real Estate Fundamentals | Across from Plattsburgh Consumer Square, Anchored by a 24-Hour | Walmart Supercenter, Sam’s Club, and TJ Maxx
  • High Average Household Income of $87,268 Within a One-Mile Radius | Significant Economic Impact on Local Market from Proximity to Montreal (“Montreal’
  • High-Quality 2018 Construction Featuring Dual-Lane Drive-Thru
  • 150 Miles Away from the Nearest Chick-fil-A | Canada’s Only Chick-fil-A is 2,250 Miles Away in the Calgary Airport

OVERVIEW

The property is conveniently located at the signalized intersection of Consumer Square and Highway 3, with excellent visibility and access to 33,150 vehicles per day directly in front of the site. The property is visible from and immediately accessible to Interstate 87, which serves as a major north/south route for the state of New York and provides access to the U.S.–Canada border and highways leading to Montreal. The property is located in a dense retail corridor and is directly across from Plattsburgh Consumer Square, a large shopping center anchored by a 24-hour Walmart Supercenter, Sam’s Club, and TJ Maxx. Other notable tenants in the area include PetSmart, HomeGoods, Ulta, Panera Bread, Chipotle, AutoZone, and others. The property is within walking distance of State University of New York at Plattsburgh, which has 5,704 students and 1,000 employees. The property is about five miles from Plattsburgh International Airport, which serves as Montreal’s secondary passenger airport. Just seven miles from the property is the Lake Champlain Ferry; as the easiest way to connect from Interstate 87 in New York to Interstate 89 in Vermont, the ferry serves around 1 million passengers annually. Additionally, the property is in an affluent, well-populated area; 30,381 daytime employees work and 35,102 residents live within a five-mile radius, with a one-mile average household income of nearly $90,000.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

15yr Chick-fil-A GL | Only CFA w/in 150 Miles

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

5034

STORIES

1

YEAR BUILT

2018

SPRINKLERS

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PARKING SPACES

91

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

094200-206-004-0003-009-000-0000