Brewster, NY - Clock Tower Commons

Description:

• The property is 84% occupied, with seven vacant suites accounting for 16% of GLA, offering stable in-place income and value-add potential through lease-up
• Six tenants representing 41.2% of base rent have occupied the property for 20+ years, led by Dr. Maddipoti J. Choudry since 1991
• Over 2.5 years of weighted average lease term (WALT) remaining, with the Royal Realty Corp. land lease running through October 2038

• Financial services and insurance tenants, including Truist, Chase, Edward Jones, World Insurance, Risk Placement Services, and Warner Pacific, account for 43.2% of base rent
• Medical and healthcare users occupy 14,178 SF and contribute 29.9% of base rent, anchored by Northern Medical Specialists, a multi-specialty physician group covering cardiology, pulmonology, gastroenterology, and other specialties
• No single tenant accounts for more than 14.5% of base rent, limiting exposure to any one tenancy

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Listing ID: a28TP0000046CfJYAU