Duck Cedar Plaza | 549 Route 17
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Duck Cedar Plaza 549 Route 17
26,000 SF 100% Leased Retail Building Tuxedo Park, NY 10987 $4,650,000 ($179/SF) 6.26% Cap Rate
Executive Summary
Duck Cedar Plaza is a 26,000 sqft strip mall sitting on 9.25 acres of land located off highly traveled Route
17. The Plaza was fully renovated in 2016 and offers a modern environment for a wide variety of retail
businesses. Rout 17 is a major thoroughfare for Greenwood Lake, Bear Mountain State Park, Ski Resorts, Hudson Valley Wineries, Woodbury Commons and the New York Renaissance Fair that draws thousands every summer. The Plazas well-kept appearance and ample parking creates a welcoming atmosphere for shoppers 365 days a year.
The Complex is currently 85% occupied and has healthy leases with significant yearly increases. Projected 6% CAP by 10/22.
Listed above is a link to properties that may be of interest to you. Click on the link to view the property information. This link will be active for a thirty day period.
Reply by sending email to Marc G Windheuser
17. The Plaza was fully renovated in 2016 and offers a modern environment for a wide variety of retail
businesses. Rout 17 is a major thoroughfare for Greenwood Lake, Bear Mountain State Park, Ski Resorts, Hudson Valley Wineries, Woodbury Commons and the New York Renaissance Fair that draws thousands every summer. The Plazas well-kept appearance and ample parking creates a welcoming atmosphere for shoppers 365 days a year.
The Complex is currently 85% occupied and has healthy leases with significant yearly increases. Projected 6% CAP by 10/22.
Listed above is a link to properties that may be of interest to you. Click on the link to view the property information. This link will be active for a thirty day period.
Reply by sending email to Marc G Windheuser
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
26,000 SF
Building Class
B
Year Built/Renovated
1961/2016
Price
$4,650,000
Price Per SF
$179
Cap Rate
6.26%
NOI
$291,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Land Acres
9.25 AC
Zoning
Neighborhood Business
Parking
114 Spaces (9.44 Spaces per 1,000 SF Leased)
Frontage
286 FT on Route 17
Amenities
- 24 Hour Access
-
Marc Windheuser -
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Duck Cedar Plaza | 549 Route 17
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