This Retail Property is Off-Market.

8635 Clinton St.
New Hartford, NY 13413 ·

40,014 SF · Retail For Sale

N/A

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The Orchard

Price N/A Cap Rate 9.33%
Gross Leasable Area 40,014 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Neighborhood Center Lot Size 6 AC
Property Use Type Net Lease Investment with 5 years left on lease
Listing ID: 16055807 Date Created: 01/13/2009 Last Updated: 02/11/2010

Description

The Orchard is a 300,000 square foot (40,000 square feet for sale) outdoor retail and entertainment center in New Hartford, NY, 50 miles from Syracuse, NY. It is anchored by Marquee Cinema (not included), the only stadium style theater (with 14 screens) in the greater Utica area, Kohl' s and Gander Mountain (both not included). The portion of the Orchard for sale is 40,000 square feet and includes national and stock exchange-listed tenants such as Chico' s, Coldwater Creek, Ann Taylor Loft, Aveda, Famous Footwear, CJ Banks and Christopher & Banks. This offering is brand-new construction and most of these tenants have been open for less than one year. There is an additional out-parcel suitable for a 14,000+ square foot building available for sale (additional price to be negotiated).

The Orchard is an opportunity for an investor to acquire a highly visible retail neighborhood with nationally-recognized tenants in an area of Upstate New York with high trade.

New Hartford, NY is located southwest of downtown Utica, NY and can be reached by Routes 5, 8, and 12, or by Genesee Street. New Hartford has experienced heavy commercial growth in the past several years and now is considered the commercial center of the Utica-Rome shopping area. The majority of growth has been on the west end of the town bordering Whitesboro and Kirkland, New York. The south and east sides of town are largely suburban and are becoming increasingly populated.

Highlights

  • 300,000 SF (40,000 SF For Sale) Total Retail and Entertainment Shopping Center
  • Shadow Anchored by Marquee Cinema (14 screens)(Not Included), the Only Stadium Style Theater in the Greater Utica Area, Kohl's and Gander Mountain
  • Minimal Management Necessary
  • Located Between Consumer Square and Sangertown Square Mall (Shop Sales of $400 per SF)
  • Most Tenants Nationally-Recognized and Listed on Stcok Exchange
  • Between Big Box Retailers Macy's, Sear's, Lowe's, Wal-Mart, Target, and JCPenney

Research

8635 Clinton St., New Hartford, NY 13413 (Oneida County)

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