709 Central Ave | Albany, NY 12206
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- LoopNet Team
709 Central Ave
Albany, NY 12206
Market 32 · Retail Property For Sale
Investment Highlights
- New 5 Yr LifeCo Interest Only Debt Available at 67% LV, 6.08% Interest Rate
- New, Fully NNN 15 year lease term through 2038
- Dense population of 123,000 people within 3 miles
- Price Chopper has the dominant market share in the Upstate New York CBSA, and is headquartered just 16.6 miles away in Schenectady, New York
- Lease is secrely backstopped by Golub Corp. and Wakefern Food Corp., a $20 Billion company
Property Facts
Property Type
Retail
Property Subtype
Supermarket
Building Size
65,000 SF
Building Class
B
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
5.53 AC
Zoning
C2 - tracts devoted to various business and office uses
Parking
557 Spaces (8.56 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 010100-064-028-0002-003-001-0000 | Improvements Assessment | $9,818,000 |
| Land Assessment | $2,169,000 | Total Assessment | $11,987,000 |
Property Taxes
Parcel Number
010100-064-028-0002-003-001-0000
Land Assessment
$2,169,000
Improvements Assessment
$9,818,000
Total Assessment
$11,987,000
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