ThesubjectinvestmentpropertyisanoutparceltoaHannafordanchoredshoppingcenteronColumbiaTurnpike,whichboastsaveragedailytrafficcountsof17,507vehiclesperday.Therearemorethan69,854individualsresidingwithinafive-mileradiusofthepropertyandmorethan295,135individualswithina10-mileradius. Thesubjectpropertybenefitsfrombeingwell-positionedinadenseretailcorridorconsistingofnationalandlocaltenantsincluding:Hannaford,Starbucks,SherwinWilliams,Wendy’s,PlanetFitness,GNC,Valvoline,Subway,andmore.Therearemultipleuniversitieswithina10mileradiusincludingSUNYAlbany,AlbanyMedicalCollege,AlbanyLawSchool,TheCollegeofSaintRose,SageCollegeofAlbany,ExcelsiorCollege,MariaCollege,Bryant&StrattonCollege,andmore. WithAlbanybeingthecapitalcityofNewYork,thelocaleconomyisheavilybasedongovernment.Othermajoremploymentsectorsincludehealthcare,educationandtechnology.CompanieswithheadquartersinthemetroincludePriceChopperSupermarketsaswellastheNewYorkLottery.TheregionwastheoriginalhometoGeneralElectric.ThecompanystillretainsmanyofitsadministrativefunctionsinSchenectady.TheAlbanyNanotechcomplexatSUNYPolytechnicInstitutecampusinAlbanyprovidesadvancedresearchonnanotechnology.