Value-Add NY Retail - Former ShopRite
Retail | 55,417 SqFt
Marketing description
OPEN HOUSE: July 15th from 10:30 AM - 12:30 PM EST. Please contact Brittany Leventoff at [email protected] for more information.
Colliers is pleased to present the exclusive offering of 70 Healy Boulevard, Hudson, Columbia County, New York.
70 Healy Boulevard is a ±55,417-square-foot single-story retail asset situated on approximately ±6.2 acres within the Hudson retail corridor. The property was formerly anchored by ShopRite and is currently vacant, presenting a compelling value-add opportunity within a high supply-constrained retail submarket.
70 Healy Boulevard is adjacent to a dominant regional shopping center exceeding 200,000 square feet, occupied by national tenants such as Ollie’s, Planet Fitness, CVS, UPS Store, and Jersey Mikes.
The Hudson retail submarket is characterized by exceptionally strong fundamentals, including vacancy rates below 2%. The property is well-positioned to attract tenants, including national retailers and regional operators looking to expand.
70 Healy Boulevard presents a rare opportunity to acquire a highly divisible large-format retail asset with immediate lease-up potential. The existing building includes features well-suited for modern retail, grocery, fitness, and service-oriented uses, including extensive parking and loading infrastructure, as well as potential for residential redevelopment to meet growing housing demand.
Investment highlights
- Strategically located within the Hudson retail corridor, the Property has historically functioned as a grocery anchored retail asset. 70 Healy was previously occupied by ShopRite supermarket. ShopRite has recently relocated to 351 Fairview Avenue, approximately 1.4 miles from the Property.
- 70 Healy Boulevard is adjacent to a dominant regional shopping center exceeding 200,000 SF occupied by national tenants such as Ollie's, Planet Fitness, CVS, UPS Store, and Jersey Mikes.
- The Hudson retail submarket is characterized by exceptionally strong fundamentals, including vacancy rates below 2%.
- 70 Healy Boulevard presents a rare opportunity to acquire a highly divisible large-format retail asset with immediate lease-up potential.
- The existing building includes features well-suited for modern retail, grocery, fitness, and service-oriented uses, including extensive parking and loading infrastructure, as well as potential for residential redevelopment to meet growing housing demand.
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