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Middleburgh Meadows Plaza 174 Marjorie Ln 24,002 SF 100% Leased Retail Building Middleburgh, NY 12122 $2,950,000 ($122.91/SF) 6.72% Cap Rate
Investment Highlights
- Grocery-anchored multi-tenant retail plaza
- NNN leases with annual increases
- Built in 2018
Executive Summary
Grocery-anchored multi-tenant retail plaza for sale - Middleburgh Meadows Plaza, 174 Marjorie Lane, Middleburgh, NY - offered at $2,950,000 ($122.91 PSF) with a 6.72% cap rate. Built in 2018, this modern two-building center totals 24,002 SF on 4.00± acres with 120 parking spaces (5:1 ratio). NNN leases with annual increases provide stable income and minimal management. Anchored by a regional grocery tenant and adjacent to new residential development. Municipal water, private septic, 4,703 AADT. Excellent investment opportunity in a growing market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
24,002 SF
Building Class
C
Year Built
2018
Price
$2,950,000
Price Per SF
$122.91
Cap Rate
6.72%
NOI
$198,222
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
3.98 AC
Zoning
Commercial - Commercial
Parking
120 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Creekside Laundry
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- High on the Hog BBQ
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Middleburgh Pharmacy
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Middleburgh Valley Market
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Creekside Laundry | Services | 99,999 SF | - | Lorem Ipsum | - | |
| High on the Hog BBQ | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Middleburgh Pharmacy | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Middleburgh Valley Market | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Property Taxes
| Parcel Number | 433801-106-007-0002-002-000-0000 | Improvements Assessment | $1,185,850 |
| Land Assessment | $87,500 | Total Assessment | $1,273,350 |
Property Taxes
Parcel Number
433801-106-007-0002-002-000-0000
Land Assessment
$87,500
Improvements Assessment
$1,185,850
Total Assessment
$1,273,350
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Middleburgh Meadows Plaza | 174 Marjorie Ln
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