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28831058
28831057

174 Marjorie Lane, Middleburgh, NY 12122 For Sale

RL
NY 10301200002
Carrow Real Estate Services
Listed by Carrow Real Estate Services
$2,950,000
213 days on market
Updated 22 days ago

174 Marjorie Lane

Details
Property Type Retail
Sub Type Shopping Center, Grocery Store (+1)
Square Footage 24,002
Cap Rate 6.72%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $123
Year Built 2018
Buildings 2
Acreage 4.000
Parking Spaces 120 spaces
Parking per 1,000 SqFt 5.00
Investment Type Stabilized

Retail | 6.72% CAP | 24,002 SqFt

Marketing description

Middleburgh Meadows Plaza presents investors with the opportunity to acquire a grocery-anchored, high-quality, stabilized retail asset located at 174 Marjorie Lane in Middleburgh, New York. The property is offered at $2,950,000, representing an attractive 6.72% capitalization rate.

Constructed in 2018, the plaza consists of two modern retail buildings totaling 24,002 square feet situated on 4.00 acres of land. The property benefits from municipal water service and a private septic system, ensuring low operating costs and reliable utility infrastructure.

Anchored by a national/regional grocery tenant, Middleburgh Meadows Plaza serves as a key retail destination for the surrounding community. The property offers 120 on-site parking spaces with a parking ratio of (5:1) and enjoys excellent visibility and access from a major thoroughfare with 4,703 Average Annual Daily Traffic (AADT).

With its newer construction, strong tenant base, and stable income, this offering represents an excellent opportunity for investors seeking reliable cash flow and long-term appreciation in upstate New York's retail market.

Investment highlights

  • Two buildings on 4.00 acres totaling 24,002 SF
  • Recently constructed in 2018
  • Municipal water and private septic
  • 4,703 AADT
  • 120 parking spaces (5:1)
  • NNN leases with annual increases
  • 6.72% cap rate
  • Priced at only $122 PSF
  • Adjacent to new market-rate single family residential development project

Listing Contacts

RL
NY 10301200002
Carrow Real Estate Services
Listed by Carrow Real Estate Services

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