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461 N Main St
Warsaw, NY 14569
Warsaw Shopping Center · Retail Property For Sale
PROPERTY FACTS
ABOUT 461 N MAIN ST , WARSAW, NY 14569
Marcus & Millichap is exclusively offering for sale Warsaw Shopping Center, an 82,790-square-foot grocery-anchored shopping center that is located on North Main Street, the main retail corridor, in Warsaw, NewYork. Warsaw is the county seat of Wyoming County. Anchor tenants are Tractor Supply and Save-A-Lot. Co-tenants Dollar Tree, H&R Block and Tim Hortons are well suited to the market and generate strong traffic to the property creating a strong synergistic center. The property has been a strong performer for over 17 years with both national and regional tenants with an average occupancy rate of 96 percent during this time period. Leases are currently being negotiated with two tenants to take a total of 8,900 square feet. Upside includes lease up of 9,440 square feet(11.40 percent of GLA)and steady net operating income growth from in-place rent bumps and option rent increases. As a sign of market strength, Dollar Tree moved to the property in 2016.
PROPERTY TAXES
| Parcel Number | 564801-073-012-0001-001-000-0000 | Improvements Assessment | $1,333,000 |
| Land Assessment | $600,000 | Total Assessment | $1,933,000 |
PROPERTY TAXES
