4140 Veterans Memorial Dr, Batavia, NY 14020

This 35,413 square foot, multi-tenant shopping center in Batavia, NY, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong 8.25% cap rate, the property generates a substantial NOI of $393,894. Nine tenants, including Planet Fitness, occupy this 2007-built center, situated on a 3.8-acre lot with ample parking. The center benefits from a Walmart shadow anchor, driving significant traffic (approximately two million annual visitors, source: Placer Labs Inc.), and enjoys a prime location on Veterans Memorial Drive, near major intersections and other national retailers. The tenant mix includes a blend of national and local businesses, many of which are internet-resistant. The property is priced at $134.82 per square foot, below replacement cost. The surrounding area demonstrates strong demographics, with average household incomes exceeding $70,000 within a three-mile radius. Its proximity to Batavia Downs Gaming & Hotel further enhances its appeal. This well-positioned, high-performing retail center offers a stable and lucrative investment prospect. The property features 87% NNN leases, minimizing landlord responsibilities. The strong tenant base, coupled with the strategic location and high traffic counts (approximately 8,763 vehicles per day), ensures a consistent income stream. This is an exceptional opportunity to acquire a well-established, high-performing retail asset in a thriving market.