1020 Center St, Horseheads, NY 14845

Grand Central Plaza, a 271,255-square-foot shopping center in Horseheads, NY, presents a compelling investment opportunity. Strategically located at the intersection of Interstate 86/Route 17, this property boasts exceptional visibility and high traffic counts, averaging approximately 32,000 vehicles daily. The center is anchored by nationally recognized tenants including Tractor Supply, Ollie's Bargain Outlet, and Barton's Home Outlet, ensuring a strong and stable tenant base. Currently 86.1% occupied, the center features a diverse mix of tenants such as American Freight, Sky Gymnastics, Peter Harris Clothes, Family Dollar, Carquest, Dunkin', and GCP Discount Liquor and Wine. Built in 1961 and renovated in 1992, the property sits on a 21.7-acre lot and offers significant upside potential. A 7,832-square-foot vacant unit and an additional pad site are available for development, along with two vacant lots across from Chemung Street. The property's weighted average occupied lease term is 10.8 years, demonstrating the long-term stability of the tenant mix. With two pylon signs, including an electronic one, and excellent access from Center Street and Chemung Street, Grand Central Plaza offers a rare combination of established success and future growth potential. The Net Operating Income (NOI) is $1,120,015.