Florida, NY - Meadow Shopping Center

1 Meadow Road, Florida, NY

$3,549,000

Price

6.75%

Cap Rate

$239,542

NOI

Overview
Cap Rate
6.75%
NOI
$239,542
Building Size
12,582 sqft
Occupancy
100%
Description

• Opportunity to acquire Meadow Shopping Center, a 12,000+ SF retail strip that has been serving the city of Florida for 50+ years
• Partial roof replacement in 2022 with a 20-year transferrable warranty (Dunkin and Elite Nail QQ Spa)
• The asset is currently operating at 100% occupancy, providing zero vacancy for a future investor as well as four of the tenants occupying their space for more than a decade
• The offering includes a 4,800 SF free-standing Mavis Discount Tire available for purchase with Meadow Shopping Center
• Investor benefits from fee simple ownership of the building and land
• Seller is willing to negotiate the sale of North Main Plaza and Meadow Shopping Center as a package deal (speak with agent for more details)

• Meadow Shopping Center is strategically located at the signalized, hard corner intersection of North Main Street and Meadow Road averaging 17,200 VPD
• Adjacent to high-traffic generating QuickChek, ranking in the 95th percentile for the 143 locations nationwide (Placer.ai)
• Neighboring the Florida, NY Shop-Rite corporate office
• The site is located in the primary thoroughfare serving Florida with surrounding tenants such as Dollar Tree, Ace Hardware, Central Deli, and more
• The asset has excellent visibility via street frontage and multiple points of access, providing ease and convenience for customers


This listing was syndicated through:

Listing ID: a288X000002lvf9QAA
Location
Gallery