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- LoopNet Team
602 Columbia Tpke
East Greenbush, NY 12061
Berkshire Bank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 6.0 Years Remaining on an Original 20-Year Triple-Net (NNN) Lease
- Corporate Guarantee
- Strong Traffic Counts –17,507 Vehicles Per Day on Columbia Turnpike
- Rare 4.0% Annual Increases
- Albany MSA–Capital of New York
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Drive Thru
ABOUT 602 COLUMBIA TPKE , EAST GREENBUSH, NY 12061
ThesubjectinvestmentpropertyisanoutparceltoaHannafordanchoredshoppingcenteronColumbiaTurnpike,whichboastsaveragedailytrafficcountsof17,507vehiclesperday.Therearemorethan69,854individualsresidingwithinafive-mileradiusofthepropertyandmorethan295,135individualswithina10-mileradius. Thesubjectpropertybenefitsfrombeingwell-positionedinadenseretailcorridorconsistingofnationalandlocaltenantsincluding:Hannaford,Starbucks,SherwinWilliams,Wendy’s,PlanetFitness,GNC,Valvoline,Subway,andmore.Therearemultipleuniversitieswithina10mileradiusincludingSUNYAlbany,AlbanyMedicalCollege,AlbanyLawSchool,TheCollegeofSaintRose,SageCollegeofAlbany,ExcelsiorCollege,MariaCollege,Bryant&StrattonCollege,andmore. WithAlbanybeingthecapitalcityofNewYork,thelocaleconomyisheavilybasedongovernment.Othermajoremploymentsectorsincludehealthcare,educationandtechnology.CompanieswithheadquartersinthemetroincludePriceChopperSupermarketsaswellastheNewYorkLottery.TheregionwastheoriginalhometoGeneralElectric.ThecompanystillretainsmanyofitsadministrativefunctionsinSchenectady.TheAlbanyNanotechcomplexatSUNYPolytechnicInstitutecampusinAlbanyprovidesadvancedresearchonnanotechnology.
PROPERTY TAXES
| Parcel Number | 2400-166-7-6.11 | Improvements Assessment | $457,900 |
| Land Assessment | $225,800 | Total Assessment | $683,700 |
PROPERTY TAXES
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