Listing Agency: Atlantic Retail | Albany a***@atlanticretail.com Show Phone

Listed By: Alison Burnside

Source: Atlanticretail

Added: Jan 27 Changed: Aug 19 Last Checked: Aug 19 at 6:09AM

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Investment Insights

Based on property information with market context.

This retail strip center is located on Route 4, directly across from a Walmart Supercenter. Two in-line spaces are currently available, offering the option to combine them for a total of 2,907 square feet. One space, formerly a beauty supply store, measures 1,335 square feet. The other, previously a cell phone store, provides 1,572 square feet. The location benefits from traffic signal access and features a pylon sign, ensuring excellent visibility. Current co-tenants include Mattress Firm and SportsClips Haircuts.

Key Highlights

• Located on Route 4 across from Walmart Supercenter
• Excellent visibility
• Traffic signal access with pylon sign

Property Analytics

Property Profile

Current Use

Strip malls

Suggested Use

Top Pick Law Firm Locksmith Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.30 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

342

Businesses Nearby

566k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 38% Dining 30% Shops & Services 17% Home Improvements & Furnishings 8%

Walmart Superstores

121,452 visits/mo 0.3 miles

Target Superstores

96,048 visits/mo 0.2 miles

The Home Depot Home Improvements & Furnishings

42,802 visits/mo 0.3 miles

McDonald's Dining

30,086 visits/mo 0.0 miles

Dollar Tree Shops & Services

25,845 visits/mo 0.2 miles

Demographics for 12144, NY

21,277

Population

10,474

Households

2

Avg Household Size

40

Median Age

38%

College-Educated

93%

High-School Grad

18.3 sq mi

ZIP Area

1,163

Density / Sq Mi

$88,357

Median Household Income

$51,893

Median Earnings

$1,379

Median Rent

$235,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Strip mall - Retail spaces available in strip center with high visibility.

Where is this strip mall located?

The property is located at 274 Troy Road North Greenbush, NY.

What is the lease rate?

The lease rate is $22 SF/Yr.

What are key features of this property?

This property features: Located on Route 4 across from Walmart Supercenter; Excellent visibility; Traffic signal access with pylon sign