140 Village Sq
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140 Village Sq
17,677 SF 100% Leased Retail Building Painted Post, NY 14870 $2,573,909 CAD ($146 CAD/SF) 8.45% Cap Rate
Investment Highlights
- Minimal Vacancy | 94% Occupancy
- Recent Capital Improvements Including Partial Roof Replacement, Exterior Siding and more
- Close Proximity to Many National Tenants Including Home Depot, Walmart, ALDI, Dollar Tree and more
- Robust Tenant Mix with Many Medical and Service-Oriented Tenants
- No Landlord Obligations to Maintain the Parking Lot or Accessways as the Village Maintains Those Portions of the Center
Executive Summary
CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in 140 Village Square, Painted Post, NY. The 18,375 square-foot center is 94% occupied. There is one unit vacant with 1,128 square-feet of space available for lease. The center is comprised of eleven units. The property is being delivered free and clear of any mortgage financing.
The subject property benefits from many medical and service-oriented tenants including Rivoli Dental, Miracle Ear, The Vision Center, a martial arts studio and more. Major retailers in the nearby area include Walmart, Home Depot, ALDI, Dollar Tree, McDonald’s, KFC, Applebee’s and more. The area is surrounded by many housing communities as well as the Corning Sullivan Park R&D Campus and the Siemens Energy complex. There are over 23,000 people residing within five miles of the subject property.
The subject property benefits from many medical and service-oriented tenants including Rivoli Dental, Miracle Ear, The Vision Center, a martial arts studio and more. Major retailers in the nearby area include Walmart, Home Depot, ALDI, Dollar Tree, McDonald’s, KFC, Applebee’s and more. The area is surrounded by many housing communities as well as the Corning Sullivan Park R&D Campus and the Siemens Energy complex. There are over 23,000 people residing within five miles of the subject property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,677 SF
Building Class
C
Year Built
1970
Price
$2,573,909 CAD
Price Per SF
$146 CAD
Cap Rate
8.45%
NOI
$217,496 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.99
Land Acres
0.41 AC
Zoning
5
Parking
120 Spaces (6.79 Spaces per 1,000 SF Leased)
Frontage
158 ft on Steuben St
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 464201-299-013-0002-004-000 | Improvements Assessment | $487,490 CAD |
| Land Assessment | $54,948 CAD | Total Assessment | $542,438 CAD |
PROPERTY TAXES
Parcel Number
464201-299-013-0002-004-000
Land Assessment
$54,948 CAD
Improvements Assessment
$487,490 CAD
Total Assessment
$542,438 CAD
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Karly Iacono -
CBRE
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