900 Route 376 - Freestanding FOR SALE


Wappingers Falls, NY 12590
$4,510,000 USD
917-539-0402
900 Route 376, Wappingers Falls, NY for Sale
$4,510,000 USD
Freestanding - FOR SALE
1/41
null | 5.31% Cap Rate

900 Route 376
Wappingers Falls, NY 12590


HIGHLIGHTS

  • 36,819 SF Value-Add Shopping Center - Property is 60% Occupied
  • Offering Consists of 14 Stores (9 Leased) With Parking for 308 Cars
  • 2007 Construction With 658 of Frontage Along Route 376
  • Less Than a 90-Minute Drive From NYC - 75 Miles North of the City - Average Household Income of $140K in a 5-Mile Radius

OVERVIEW

Nesheiwat Square is a 36,819 square foot, multi-tenant shopping center located along Route 376 in Wappingers Falls, NY. The property rests on a 4.94-acre lot, with parking for 308 cars that was constructed brand new in 2007. This is a value-add retail opportunity. The offering consists of 14 storefronts, and the site is currently 60% occupied. The offering is anchored by TEG Credit Union and Pulse MD Urgent Care. TEG Credit Union is a Poughkeepise, NY-based federally chartered credit union with $305M in assets and 36,000 members. They have eight branches throughout the Hudson Valley. This site has a drive thru. Pulse MD Urgent Care has eight locations, seven in the New York Hudson Valley, and one unit in Florida. They provide comprehensive urgent care medical services seven days a week. Neshwiat Plaza is located on Route 376 in Wappingers Falls, New York, a village in Dutchess Country located exactly 75 miles north of New York City, 50 miles north of White Plains, and 35 miles from Danbury, CT. The offering is surrounded by local retailers, as well as Van Wyck Junior High School (843 students) and numerous community businesses.

FOR SALE DETAILS

PRICE

$4,510,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

5.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Shopping Center -60% Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

308

LAND DETAILS

LAND ACRES

4.94 AC

LAND SF

215,186 SF

ZONING

B1

APN/PARCEL ID

132800-6358-02-793593-0000

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.