Two-Tenant NNN
For Sale
Contact for pricing
Pending
610 Old Route 146, Clifton Park, NY 12065
Freestanding retail investment with two established occupants, drive-thru ATM service, and reimbursed common-area expenses.
Property SizeContact for details
Days on Market143
Property Features for 610 Old Route 146
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 10:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
Fee-simple ownership includes the land and buildings occupied by Outback Steakhouse and M&T Bank, configured as a freestanding, two-tenant retail property. Outback occupies 74% of the GLA and has operated at the site since November 1999; M&T Bank has been operating there since March 2000. Both tenants recently executed new 5-year lease terms, with one additional 5-year extension option and -10% rental increases at the start of each option period. The leases are NNN in structure, with common-area maintenance reimbursed by the tenants, including roof and structural costs.
Outback completed an exterior renovation in Sept. 2019. The property also features a drive-thru ATM, monument signage, and ample customer parking. It is positioned along State Highway 146 near Interstate 87, where combined traffic is reported at 110,700 vehicles daily. Adjacent retail context includes Shoppers World Plaza and Market 32, while Clifton Park Center and a 10-screen Regal Cinema are located across the street. National retailers in the surrounding trade area include Home Depot, Target, Lowe's, Aldi, Kohl's, CVS, and PetSmart.
Outback completed an exterior renovation in Sept. 2019. The property also features a drive-thru ATM, monument signage, and ample customer parking. It is positioned along State Highway 146 near Interstate 87, where combined traffic is reported at 110,700 vehicles daily. Adjacent retail context includes Shoppers World Plaza and Market 32, while Clifton Park Center and a 10-screen Regal Cinema are located across the street. National retailers in the surrounding trade area include Home Depot, Target, Lowe's, Aldi, Kohl's, CVS, and PetSmart.
Key Highlights
- Two‑tenant freestanding property with Outback Steakhouse occupying 74% of the GLA
- Outback Steakhouse and M&T Bank have operated at the site since November 1999 and March 2000, respectively
- Both tenants recently signed new 5‑year lease terms with one additional 5‑year option
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,564
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 56%
Shops & Services 33%
Hotels & Casinos 11%
Tractor Supply Co.
Home Improvements & Furnishings
17,443 visits/mo
0.5 miles
Clifton Park - Route 9
Shops & Services
10,246 visits/mo
0.5 miles
Residence Inn by Marriott Albany Clifton Park
Hotels & Casinos
1,650 visits/mo
0.4 miles
Holiday Inn Express & Suites Clifton Park
Hotels & Casinos
1,599 visits/mo
0.4 miles
Demographics for 12065, NY
43,893
Population
19,506
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
95%
High-School Grad
35.1 sq mi
ZIP Area
1,251
Density / Sq Mi
$115,681
Median Household Income
$61,692
Median Earnings
$1,419
Median Rent
$356,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail investment with two established occupants, drive-thru ATM service, and reimbursed common-area expenses.
Where is this nnn property located?
The property is located at 610 Old Route 146 Clifton Park, NY.
What are key features of this property?
This property features: Two‑tenant freestanding property with Outback Steakhouse occupying 74% of the GLA; Outback Steakhouse and M&T Bank have operated at the site since November 1999 and March 2000, respectively; Both tenants recently signed new 5‑year lease terms with one additional 5‑year option
