Chase Bank Investment Property
$2,000,000
1875 Altamont Ave, Schenectady, NY 12303
2,985 sqft
Building Size
0.5543 acres
Lot Area
Details:
Highlights:
- No landlord responsibilities—Tenant pays utilities, taxes, and maintains all aspects of the premises
- Located along Altamont Ave, a main commercial corridor in the Albany, NY MSA
- Building is on a corner lot next to a signalized intersection
Description:
New construction ground leased Chase Bank investment property. Chase Bank signed a lease with a fifteen year initial term and three additional 5-year options, showing their commitment to this site and market. Tenant pays utilities, taxes, and maintains all aspects of the premises—No landlord responsibilities, perfect for a passive investor.
The Chase Bank investment property is located in Rotterdam, NY, a suburb of the Albany, NY MSA. Other tenants in the trade area include Market 32, Hannaford, Walmart, Crunch Fitness, Citi Trends, Advance Auto Parts, AutoZone, Moe’s Southwest Grill, Dollar Tree, Wendy’s, McDonald’s, Dunkin’, and Planet Fitness.
The Albany region is a vital economic hub with a total labor force of approximately 554,900 and a low unemployment rate of just 3.3%. Its economy is both diverse and resilient, anchored by government, healthcare, education, technology, and advanced manufacturing. The area is also a major logistics center, hosting fulfillment and distribution facilities for companies such as AceHardware, Coca-Cola, FedEx, UPS, and Target, which together employ more than 14,000 workers and strengthen the region’s position in transportation, trade, and utilities.
As the capital of New York State, Albany supports tens of thousands of public-sector jobs across state agencies and legislative offices. Healthcare and life sciences further drive regional growth, led by top employers including Albany Medical Center, St. Peter’s Health Partners, and Ellis Medicine.
Documents:
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| 1875_Altamont_Ave_ChaseBank.pdf |
Location
