100% Leased "Valley Plaza" Retail Center | 502 Columbia Tpke
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100% Leased "Valley Plaza" Retail Center 502 Columbia Tpke
14,488 SF 100% Leased Retail Building New Lebanon, NY 12125 £2,147,288 (£148/SF) 7.49% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 100% Occupied Fully Leased Retail Center
- Possible Seller Financing to Qualified Purchaser
- Stable Long-Term Tenants
EXECUTIVE SUMMARY
This offering is comprised of two buildings offering a 6-unit retail center and one building currently leased by a bank. Property is currently 100% leased, with the owner occupying the Thrift Store, Bottle & Can and Community Center. Tenants include the USPS, Family Dollar and oth ers.
This offering include:
1-Story/14,488 SF
2-Acres MOL
Year Built/Effective Age: 1970/2019
7 Long-Term Tenants
Road Frontage: 247’
Parking: 70+/-
Occupancy: 100%
Gross Revenue: $219,090
NOI: $202,306
Seller Financing: Seller will consider offers that include seller financing to a qualified purchaser offering a reasonable down payment. Interest rate and terms are TBD.
Accepting cash or Third-Party Financing Offers! Proof of Funds must be presented with all offers.
This offering include:
1-Story/14,488 SF
2-Acres MOL
Year Built/Effective Age: 1970/2019
7 Long-Term Tenants
Road Frontage: 247’
Parking: 70+/-
Occupancy: 100%
Gross Revenue: $219,090
NOI: $202,306
Seller Financing: Seller will consider offers that include seller financing to a qualified purchaser offering a reasonable down payment. Interest rate and terms are TBD.
Accepting cash or Third-Party Financing Offers! Proof of Funds must be presented with all offers.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,488 SF
Building Class
C
Year Built/Renovated
1970/2019
Price
£2,147,288
Price Per SF
£148
Net Initial Yield
7.49%
NOI
£160,890
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Lot Size
2.00 AC
Parking
67 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
247 ft on Columbia Turnpike
AMENITIES
- Banking
PROPERTY TAXES
| Parcel Number | 104800-019-002-0001-060-000-0000 | Improvements Assessment | £753,873 |
| Land Assessment | £87,291 | Total Assessment | £841,163 |
PROPERTY TAXES
Parcel Number
104800-019-002-0001-060-000-0000
Land Assessment
£87,291
Improvements Assessment
£753,873
Total Assessment
£841,163
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100% Leased "Valley Plaza" Retail Center | 502 Columbia Tpke
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