300-328 Eastern Blvd
Canandaigua, NY 14424

SRS Investment Properties Group, as exclusive broker, is pleased to offer Towne Center at Canandaigua - a community center anchored by Bed Bath & Beyond, Petco and Michaels and located in Canandaigua, New York. National anchors include Bed Bath & Beyond, Michaels and Petco, which account for 85% of an existing tenant roster that is currently comprised of a solid mix of 94.75% national, credit retail tenants overall. There is a significant chance to add notable value to the Asset through the lease-up of 24,541± SF of available space, representing 29.6% of the existing GLA. With ongoing interest from national tenants, including a national anchor, the next owner of the Property is presented with ample opportunity to continue to grow the NOI at the Center. Well-constructed and meticulously maintained, Towne Center at Canandaigua boasts tremendous visibility and prominent signage, a signalized main entrance, an advantageous strip center retail layout, abundant access and adjacent consumer draws like Holiday Inn Express, Super 8, Roseland Wake & Water Park and Wegmans. Location The Property profits from a position directly across from Wegmans – one of the most dominant grocers in the northeast. Sharing signalized cross access with the high performing grocer provides a major benefit for the retailers at Towne Center at Canandaigua via a synergistic necessity based shopping draw, which garners a continuous, daily influx of consumers just across the street. Strategically positioned along Eastern Blvd (US-20/NY-5) in the heart of the Canandaigua retail corridor with nearly 29,400 VPD, the Property is situated adjacent to area hotels like Holiday Inn Express and major tourist draws like the adjacent Roseland Wake & Water Park and Canandaigua Lake, just across the street. One of the renowned Finger Lakes, which is also the center of Finger Lakes Wine Country, Canandaigua Lake draws thousands of tourists each year which have a $3 billion economic impact on the region. Canandaigua is situated on the southeast side of the Rochester, NY MSA, along the beautiful banks of Lake Canandaigua – one of the Finger Lakes. The county seat for Ontario County, Canandaigua boasts an historic downtown with bustling shops and galleries, restaurants and bed and breakfasts. The 16.5 mile long Lake Canandaigua contributes to the city’s significant tourism industry along with attractions like the Sonnenberg Gardens & Mansion State Historic Site and Roseland Wake Park and Waterpark. Canandaigua is home to two major healthcare facilities – Canandaigua VA Medical Center and F.F. Thompson Hospital. PACTIV Corp., Constellation Brands and Ajay Glass also have significant manufacturing and distribution installations in the city, along with Wegmans, which runs its organic farm in Canandaigua.