Colonie Plaza Shopping Center

1892 Central Avenue, Colonie, NY

Deal Type:

Multi-Tenant

Price:

$25,149,370

Cap Rate:

7.00%

Current Rent:

$1,760,456

Building Sq. Ft.:

153,483 SF

Site Size:

17.69 Acres

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Investment Highlights

Price Chopper has approximately 40 years of historical occupancy at Colonie Plaza and moved into a new, larger format store in 2009
Asset includes a freestanding KeyBank ground lease with strong deposits and 10 years of lease term remaining
Big Lots is MTM paying a well below market rent, providing an investor with the opportunity to re-tenant in the future at market rents/lease structure
Signalized egress/ingress along Central Ave. (28,000 VPD) with prominent pylon signage
Affluent consumer base with average household incomes of $127,000 within 3 miles

Listing Agents

Graham Gold

Vice President
203 610 1541
[email protected]

Phil DiGennaro

Managing Director
314 324 8792
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Alex Kutikov, NY Lic: 10491209021

Due Diligence

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