Main St. Plaza - NNN 100% Occupied
100% leased NNN | 6.50% CAP | Westchester County Prime US-6 Frontage
Marketing description
This is a rare opportunity to own a fully-occupied strip center located on one of Westchester County’s prime US Hwy 6 (Main St.), the longest continuous US Route in the country. The 79-mile portion of US-6 in New York traces the storied Hudson River Valley and is a high-visibility, high-volume retail corridor commanding daily traffic counts of over 13,000 in a city of 26,000 people, packed into just 4.3 square miles, one of the tightest population densities in Westchester County.
The traffic generators extend beyond the city limits. US-6 serves as a gateway corridor to the most-visited tourist attractions in the Northeast, such as Bear Mountain, Harriman State Park, Storm King Art Center, and Taconic State Parkway, thus funneling a relentless stream of regional and tourist traffic directly past Main St. Plaza.
Peekskill, or “PK,” is a city in Westchester County located in the renowned Hudson River Valley, just 50 miles north of NYC. Known for its dynamic arts scene, significant history, beautiful waterfront, easy access to trails, and walkable town, the vibrant city attracts day trippers, residents, and visitors from Vassar College, Marist College, West Point Military Academy.
Investment highlights
- 1.72 acres on Prime US Hwy 6 in Westchester County — US-6 traces the Hudson River Valley and is a high-visibility, densely-trafficked retail corridor with 13,000 VPD in a city of 26,000 people.
- High Residual Value & High Barrier to Entry - No vacant land in Peekskill on US-6
- Rare 100%-occupied strip center anchored by investment-grade tenant AutoZone, Family Dollar, and dominant regional operator Beer World (10 stores in the Northeast).
- NYC and Institutional Proximity + Surrounding historic destinations - Bear Mountain, Harriman, Storm King, and Taconic are year-round destinations. West Point, Vassar, and Marist create a high-income, educated consumer base
- Family Dollar lease stipulates store sales reporting, a rarity in dollar store leases today. Its rent is based on gross sales. These terms are both advantageous to the Landlord as well as the tenant as it ensures transparency of sales performance as well as keeping FD’s rent in a healthy operating range (8%), supporting long-term tenancy.
- Synergistic tenant-mix drives sales and traffic -AutoZone, Family Dollar, and Beer World, a dominant 10-store regional operator, form a complementary, high-frequency destination that drives cross-visitation.
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