Value-Add Shopping Center -60% Occupied 900 Route 376 33,180 SF 100% Leased Retail Building Wappingers Falls, NY 12590 $6,254,874 CAD ($188.51 CAD/SF) 5.31% Cap Rate

Nesheiwat Square is a 36,819 square foot, multi-tenant shopping center located along Route 376 in Wappingers Falls, NY. The property rests on a 4.94-acre lot, with parking for 308 cars that was constructed brand new in 2007. This is a value-add retail opportunity. The offering consists of 14 storefronts, and the site is currently 60% occupied.
The offering is anchored by TEG Credit Union and Pulse MD Urgent Care. TEG Credit Union is a Poughkeepise, NY-based federally chartered credit union with $305M in assets and 36,000 members. They have eight branches throughout the Hudson Valley. This site has a drive thru. Pulse MD Urgent Care has eight locations, seven in the New York Hudson Valley, and one unit in Florida. They provide comprehensive urgent care medical services seven days a week.
Neshwiat Plaza is located on Route 376 in Wappingers Falls, New York, a village in Dutchess Country located exactly 75 miles north of New York City, 50 miles north of White Plains, and 35 miles from Danbury, CT. The offering is surrounded by local retailers, as well as Van Wyck Junior High School (843 students) and numerous community businesses.