HIGHLIGHTS
- Shadow-Anchored by Wegmans Supermarket: Highly desirable shadow-anchor with Wegmans driving consistent daily traffic to the center.
- Passive Lease Structure: NNN recovery structure across all leases, with tenants responsible for real estate taxes, insurance.
- High Yielding Investment: This investment is offered at an attractive 7.25% Cap Rate.
- Strong WALT: The tenants have a weighted average lease term of over 7 years, minimizing near-term lease-up risk.
- Established Retail Corridor: The property is located within a robust retail corridor surrounded by national tenants such as Wegmans, Price Chopper.
- Diverse Tenant Mix: The center is currently 100% occupied by three tenants from different industries, reducing industry-specific concentration risk.
FOR SALE DETAILS
PRICE
$1,534,993 USD
PRICE/SF
$183 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.83 AC
LAND SF
79,715 SF
ZONING
-
APN/PARCEL ID
311500-089-000-0002-005-000-0000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
305-905-3215
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
305-905-3215
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
