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

Request Due Diligence

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
Graham@stream-cp.com

Phil DiGennaro

Managing Director
314 324 8792
Phil@stream-cp.com

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com

Alex Kutikov, NY Lic: 10491209021

Due Diligence

https://www.stream-cp.com/wp-content/themes/StreamTheme2020View/Download Due Diligence in Dropbox

Please enter the password to access due diligence.

Request Due Diligence Access

Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to Graham@stream-cp.com.

Once we receive your NDA, we will contact you with login information.

View/Download NDA in Word format