952 Troy-Schenectady Rd, Latham, NY 12110

This exceptional investment opportunity, the Peter Harris Plaza, is a 151,666 square foot shopping center located at 952 Troy-Schenectady Rd, Latham, NY 12110. The property consists of two single-story buildings situated on a 10.08-acre lot and features 700 parking spaces. Currently boasting 100% occupancy with 18 tenants, this Class B shopping center offers a Net Lease (NNN) investment with a strong pro-forma NOI of $1,434,599 and a pro-forma cap rate of 7.55%. The current NOI is $1,377,215, and the asking price is $18,996,072.43, translating to a price per square foot of $125.25. The property is zoned COR and benefits from a desirable Latham location with high visibility and accessibility. The diverse tenant mix includes established businesses, ensuring a stable income stream. Current leases include built-in rent escalations, promising future revenue growth. This offering presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a thriving market. The property is for sale by owner.