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    FOR LEASE
    Grocery and convenience stores

    41 Vista Blvd, Slingerlands, NY 12159

    69,106 SF 7.8 ac lot Built 2012
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US63-4233440
    Property summary
    AI-generated overview

    This exceptional 69,106-square-foot retail property, located at 41 Vista Boulevard in Albany County, presents a unique investment opportunity. Built in 2012, this single-story building sits on a 7.8-acre lot and boasts impressive ceiling heights ranging from 14 feet to a remarkable 25 feet 6 inches. Currently vacant, the property features a lease in place extending until 2032, providing long-term stability and potential for significant return. The building's strategic location benefits from a strong surrounding commercial environment, including nearby Market 32, Bellini's Italian Eatery, Broadview Federal Credit Union, and Dunkin' Donuts. Furthermore, the property enjoys proximity to Plug Power's new headquarters, housing over 1,100 employees with potential future expansion to 1,600. This prime location is supported by a robust demographic profile, with average household incomes exceeding $198,000 within a one-mile radius. The substantial size and flexible layout of this former grocery box store offer immense potential for a variety of retail uses, making it an attractive proposition for discerning investors seeking a high-value asset in a thriving market. The property's significant size, long-term lease, and prime location combine to create a compelling investment opportunity with substantial upside potential.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 2012
    Total area 69,106 SF
    Lot 7.8 ac (339,768 SF)
    Zoning code MED
    APN 012200 74.00-1-29.13
    UPID US63-4233440
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • higi Physician
    • Coinstar Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    Owner & transaction history
    Started From The Bottom LLC · 5 yrs held
    Started From The Bottom LLC
    since 2021
    Last sale
    $18.5M
    5 recorded transactions
    2021
    $18.5M
    2021
    2018
    1969
    1969
    Zoning & alternative use
    MED · Slingerlands, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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