Western Plaza | Wegmans Shadow Strip

Highlights:

• Shadow-Anchored by Wegmans Supermarket: Highly desirable shadow-anchor with Wegmans driving consistent daily traffic to the center. This Wegmans Food Market ranks in the top 82% nationally and in the top 91% within the city in the grocery/supermarket category, according to AlphaMap.
• Passive Lease Structure: NNN recovery structure across all leases, with tenants responsible for real estate taxes, insurance, and common area maintenance.
• High Yielding Investment: This investment is offered at an attractive 7.25% Cap Rate.
• Strong WALT: The tenants have a weighted average lease term of over 7 years, minimizing near-term lease-up risk and associated costs while providing a secure and predictable cash flow.
• Established Retail Corridor: The property is located within a robust retail corridor surrounded by national tenants such as Wegmans, Price Chopper, McDonald’s, Burger King, Dunkin’, M&T Bank, Advance Auto Parts, Mavis Discount Tire, Walgreens, UPS, and Bank of America, among others.
• Diverse Tenant Mix: The center is currently 100% occupied by three tenants from different industries, reducing industry-specific concentration risk.
• Ample Parking: Situated on a ±1.82 AC lot with ±65 parking spaces, offering excellent accessibility for customers and tenants.
• Established Tenant: Achieve Physical Therapy has operated successfully at this location for over 20 years, demonstrating strong customer loyalty and a proven commitment to the site.
• Dense Population: The property is surrounded by a population of 88,270 within a 3-mile radius and 202,167 within a 5-mile radius, with an average household income of $87,257 within a 1-mile radius.

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