Listed by Sands Investment Group Los Angeles, Sands Investment Group Charleston
$2,769,000
Dutchtown Plaza - Palatine Bridge, NY
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 89,210
Cap Rate 8.25%
NOI $228,469
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $31
Year Built 1970
Year Renovated 2000
Acreage 17.100
Investment Type Net Lease
Ground Lease No
Ollie's + Tractor Supply Anchored Center | 8.25% CAP | $30/SF | New York
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 89,210 SF Dutchtown Plaza located at 38 W Main Street in Palatine Bridge, NY. Dutchtown Plaza offers a compelling value-add opportunity to reposition and enhance the center through targeted leasing strategies and active asset management. With a strong historical CAGR of 9.7%, this asset presents investors with a unique opportunity for both income growth and long-term appreciation.
Investment highlights
- Dutchtown Plaza is anchored by Ollie's Bargain Outlet and Tractor Supply Company, 2 nationally recognized retailers that provide consistent customer traffic with a current WALT of 4.28 years.
- Strong opportunity to reposition and transform the center through targeted leasing and active asset management with a CAGR of 9.7%.
- Offered at a significant discount to replacement cost, allowing investors to acquire a large-format retail center at a highly attractive basis ($30/SF).
- Attractive going-in returns relative to today’s debt environment, while minimizing near-term leasing risk. This is the ideal blend of income and upside, creating a strong value-add opportunity.
- Convenient ingress/egress and ample parking, enhancing tenant performance and customer convenience.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group Charleston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$228,469.00
$19,039.08/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
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