anchored multi-tenant investment …...3445 peachtree rd ne, suite 950 | atlanta, ga 30326 |...
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SRS REAL ESTATE PARTNERS3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG
Investment HighlightsPROPERTY TYPECommunity Center
OFFERING GLA192,157± SF
LAND AREA20.74± AC
OCCUPANCY87.21%
YEAR BUILT/ RENOVATED1964/1993,2014 & 2015
PRICEMarket to Establish
JULY 2019 (AS-IS) ANNUALIZED NOI$1,438,200
DEBTFree & Clear
ANCHOR TENANTSThe Home Depot (Shadow) Hobby Lobby Change HealthcareT.J. Maxx
NATIONAL TENANTSPanera BreadU.S. Postal ServiceEmpire VisionworksChipotleWeight WatchersCricket Wireless
Overview
Contact KYLE STONIS, CCIMManaging Principal, IPG 678.420.1393 [email protected] PIERCE MAYSON Principal, IPG [email protected]
JONATHAN LAPATManaging Principal, IPGNY License No. 10491207392
SHADOW-ANCHORED BY THE HOME DEPOT – the world’s largest home improvement specialty retailer with a signifi-cant regional consumer draw
STRONG, NATIONAL, RETAIL ANCHORS – Home Depot (shadow), Hobby Lobby and T.J.Maxx – and growing med-ical anchor, Change Healthcare, accounts for 80.1% of the Total GLA
‘MAIN AND MAIN’ LOCATION AT QUEENSBURY’S RETAIL CROSSROADS, across the street from Walmart Supercen-ter and Aviation Mall, and surrounded by ancillary retail draws like Starbucks, KFC, McDonald’s, Texas Roadhouse, Pizza Hut, Subway, Ace Hardware and more
AFFLUENT CUSTOMER BASE highlighted by an average household income of $91,202 within one mile of the Property
OVER FIVE (5) YEARS OF AGGREGATE ANCHOR LEASE TERM REMAINING, bolstered by Hobby Lobby’s selection of Northway Plaza for its Queensbury store, T.J. Maxx’s re-location from Aviation Mall and Change Healthcare having expanded twice at the Property with tenure since 2001
OFFERING PROVIDES INVESTORS WITH A LUCRATIVE VALUE-ADD COMPONENT via the lease-up of 24,571± SF, representing roughly 14.6% of the Center GLA
EXCLUSIVELY PRESENTED BY SRS INVESTMENT PROPERTIES GROUP
ANCHORED MULTI-TENANT INVESTMENT OFFERING
Northway Plaza820 State Route 9 | Queensbury, NY 12804
This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG
SRS REAL ESTATE PARTNERS3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232
MARKETAERIAL
PROPERTYAERIAL
ANCHORED MULTI-TENANT INVESTMENT OFFERING
Northway Plaza820 State Route 9 | Queensbury, NY 12804