Shopping center in New York State

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Shopping center in New York State

$7,000,000
$558 /m²
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  • Total area
    12,540 m²
  • Yield
    8.2%
Details
Property parameters
  • Land area: 64,752 m²
  • 1-floor building
Financial performance
  • Annual income: $545,891
Tenants
  • Fully let

It is a shopping center in one of the towns in Eastern NYS.

Description

The total area of a single-storey building is 12,540 m².

The plot of 64,752 m².

The property is the largest shopping center in town.

All areas are leased out.

Financial performance

Absolute income is 573,529 $.

The current yield of 8,2%.

Tenants

There are 16 tenants in total, five of which anchor:

  • two home improvement supply stores;
  • discounted grocery store;
  • general store;
  • vehicle auto parts store.

Location

Shopping center is situated adjacent to residential neighborhoods.

There is a federal highway nearby with daily traffic of more than 18,000 vehicles.

Population of 35,000 people in 8 km radius.

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