Long-Term STNL Hands-Off Industrial Opportunity

Highlights:

• Fully leased single-tenant NNN industrial opportunity perfect for hands-off investors seeking to expand their portfolio in New York.
• With a spacious 16.65-acre lot and a 135,200-square-foot industrial building, there's ample room for growth and expansion.
• Zoned for Light Industrial use, this property provides a versatile space suitable for a range of industrial and commercial endeavors.
• Perched 17 minutes from I-87 and next to The Floyd Bennett Memorial Airport, this prime location ensures connectivity for all.
• The property boasts two drive-ins and eight dock doors perfectly suited for general industrial activities.
• The recently signed lease has a 7-year term, allowing buyers to have a hands-off approach in the near term.

Description:

603 Queensbury Avenue is the ideal destination for investors in Queensbury, New York. The single-story, 135,200-square-foot industrial facility is situated on a gracious 16.65-acre lot. Constructed in 1988, the building is zoned for Light Industrial (LI) use, accommodating a variety of industrial operations. The property features ample parking, two drive-in doors, and eight dock doors, facilitating efficient loading and unloading processes. The expansive lot size offers potential for future expansion or additional development. The current tenant, Angiodynamics Inc., recently signed a seven-year NNN lease with a term through December 31, 2032. Established in 1988 as a division of E-Z-EM, AngioDynamics is a company with a rich history defined by its innovation and growth as a committed medical community partner focused on developing high-quality medical devices that improve patient outcomes. New ownership can continue to collect rent on the property and utilize the time until the completion of the lease to secure the next tenant.

Glens Falls, NY, offers a diverse commercial real estate market with retail, office, and industrial opportunities. The city benefits from a strong economic base in healthcare, education, and tourism, and its affordable lease rates make it attractive for small businesses. The downtown area is seeing growth, with redevelopment projects enhancing its appeal. Industrial properties are in demand due to the city’s location near major transport routes. Glens Falls is an attractive market for businesses and investors seeking affordable spaces with growth potential.

603 Queensbury Avenue benefits from excellent positioning near the interstate with increased privacy. Just 17 minutes to Interstate 87, tenants and buyers can enjoy major conveniences. This property maximizes same-day tasks and logistics, enhancing your business's operational capabilities. The property is directly beside the Floyd Bennett Memorial Airport (GFL), allowing easy distribution. There are many conveniences within a quick driving distance from retailers to restaurants. Several hotels, car dealerships, Walmart Supercenter, The Home Depot, Denny’s, Target, and many more are nearby.

603 Queensbury Avenue presents investors with the premier purchase in Upstate New York.

Property tours are available by appointment only, please contact the listing broker to schedule.

Documents: