1365-1399 E 2nd St
Jamestown, NY 14701
Second Street Plaza · Retail Property For Sale

Second Street Plaza is located on the Northern Side of East 2nd Street which serves as the main thoroughfare through Jamestown. The Subject is situated a half mile Southeast from Jamestown Community College which has a 2018 enrollment of 2,600 students. Also directly across the street to the South is the American headquarters for the Swedish commercial engine cooling supplier company TitanX, which employs 800 people and has global sales of $165 million. The building has undergone multiple improvements in the last few years. In 2016, a new roof consisting of 85 percent of the plaza was installed as well as adding all new HVAC roof top units for Autozone, the remainder of the roof was coated in 2015. In 2017, the street pylon sign was rebuilt as well as a new central water meter room and new water lines. All tenants currently operate under triple net leases and many have been conducting business in the center for well over 20 years, Family Dollar included. With the recent addition to Autozone on the Subject's end-cap space, Second Street Plaza provides an investor the opportunity to acquire an established retail center with national credit tenants at far below replacement cost. Based on today's favorable debt, a new investor can expect to earn over 15.83 percent total return, including principal paydown.