Receiver Sale: Sweden Shopping Center | Walmart-Adjacent

Highlights:

• Walmart Shadow Anchor Drawing 2.4M Visits: Supercenter 0.18 miles away is both the top prior stop and top next stop for the center's visitors.
• Maurices Operating On Site Since 2008: Largest tenant at 5,000 SF pays $15.00 PSF through 10/2028, with a five-year option at $16.00 PSF.
• Shoe Dept. NNN Lease Through November 2031: Rent steps to $13.92 PSF in 12/2026, and 65% of store visits originate more than five miles away.
• 6,800 SF Lease-Up Across Five Vacant Suites: Suites of 1,200 to 1,600 SF, with pro forma Year 2 NOI reaching $275,621 following lease-up
• Expense Recovery Gap Narrows With Lease-Up: Only 63% of operating expenses are recovered today, leaving $47,581 of annual slippage to recapture.
• Near-Term Rollover With a 3.2-Year WALT: Smokers Choice expires 06/2028 and Maurices 10/2028, together 65.8% of in-place base rent today.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/2637/retail/brockport/ny?utm_source=aqqire&utm_medium=free_listing&utm_campaign=november19_2026&utm_content=retail_2637

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 1651 Nathaniel Poole Trail is Sweden Shopping Center, an 18,900 SF multi-tenant retail center in Brockport, NY, shadow-anchored by an adjacent Walmart Supercenter that draws 2.4 million annual visits. The center is 64% occupied by three tenants, Maurices, Shoe Dept., and Smokers Choice, generating $262,162 of effective gross income and $133,404 of in-place NOI. Maurices and Shoe Dept. have operated at the property since 2008, and Shoe Dept.'s NNN lease runs through November 2031. The primary thesis is lease-up: 6,800 SF across five contiguous suites of 1,200 to 1,600 SF is available, with pro forma Year 2 NOI of $275,621 as space is absorbed. Leasing also addresses expense leakage, as tenants currently reimburse taxes, insurance, and CAM on a pro-rata basis covering only 63% of operating expenses. The trade area includes 24,653 residents within five miles earning an average household income of $102,274, SUNY Brockport's 7,000 students, and 110 stores within one mile, including 40+ national brands.

Location
Sweden Shopping Center sits on Nathaniel Poole Trail in Brockport, NY, 0.18 miles from a Walmart Supercenter drawing 2.4M annual visits. Lake Rd S (NY-19) carries 11,800+ VPD, SUNY Brockport and its 7,000 students sit about 3 miles away, and 49 new townhomes adjoin the site. With 110 stores within one mile, the center captures daily retail trips across western Monroe County.


Bidding Opens
Nov 18 1:00 AM
Bidding Closes
Nov 20 1:00 AM

Documents: