Dutchtown Plaza – Palatine Bridge, NY

38 W Main St, Palatine Bridge, NY 13428, USA

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.

  • 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.

In Cooperation With SIG RE Services NY LLC – Lic. #10991233211 BoR: Andrew Ackerman – Lic. NY #10491210161

Price

$2,769,000

Cap Rate

8.25%

PREMISES

89,210 SF

YEAR BUILT

1970

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

RENTAL INCREASES

Varies

List with SIG

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