Grand Central Plaza

Highlights:

• High Traffic Location: The property sees heavy traffic counts of approximately 32,000 cars per day due to its location directly off Interstate 86 / Highway 17 exits.
• National and Regional Tenant Lineup: Tractor Supply, Ollie's Bargain Outlet, Family Dollar, CarQuest, H&R Block, Mariner Finance, Zoom Tan, and Subway.
• Potential for Pad Site Developments: An undeveloped pad site and two additional vacant lots totaling 1.16-acres across from Chemung Street are available for future development, offering additional upside.
• Excellent Visibility and Access: The shopping center is highly visible from Interstate 86 / Highway 17 and easily accessible from Center Street and Chemung Street.
• Established and Successful Center: Longstanding successful retail plaza with a proven track record with a Weighted Average Occupied Lease Term of 10.8 years.
• Upside Opportunity through Lease Up: One available unit totaling 24,000 SF

Description:

Grand Central Plaza is a 271,165-square-foot strip shopping center located at the Interstate 86 / Route 17 east and westbound exits with excellent visibility in the Village of Horseheads, in New York’s Southern Tier. The property is located on an approximately 20-acre parcel on Center Street and is anchored by Ollie’s Bargain Outlet, Tractor Supply, Barton’s Home Outlet, and Sky Gymnastics. Other tenants include Peter Harris Clothes, Family Dollar, Carquest, and GCP Discount Liquor and Wine. There are two pylon signs, as well as an electronic pylon sign. There is a Letter of Intent out with a regional tenant for 33,288 square feet and there is one available unit totaling 24,000 square feet. In addition, there is a pad site opportunity, and two vacant lots across from Chemung Street included in the sale, offering significant upside for an investor.

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