1649 Columbia Turnpike, Castleton, NY 12033

1649 Columbia Turnpike, Castleton, NY 12033

$4,700,000.00
±0 Available SF
0 Total SF
0.00 Acre(s)
Zoning
Year Built:

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Fully Occupied Neighborhood Shopping Center just off I-90, Exit 11. Tenant Mix includes: Tractor Supply, US Post Office, Wine & Liquor store, Hair Salon, Laundromat and a Cannabis retailer. The neighboring Neighboring Walgreens is a draw to the plaza as well. Stable tenancy with only new tenant in the 13 years that the current landlord has owned the property. Leases are NNN with regular base rent increases. Large, highly visible monument sign along busy Columbia Turnpike. Tenants are responsible for the mechanicals in their space and repairs. Two exclusions on file. Current Cap Rate is 6.96% with it going to 7.52% with rent bumps in 2027. There is approx. 4 acres of buildable land as a bonus. Financials available to qualified buyers. Do not disturb or speak with tenants or their staff.

Location & Directions

Jay-3-scaled-portrait

Jay Verro

CCIM
jverro@ccim.net
Office Ext: 214