650 Troy-Schenectady Rd
Latham, NY 12110

Corporate Verizon Wireless | Dunkin' Donuts Plaza The Jonna Group of Marcus & Millichap is pleased to present for sale a 7,355-square foot three tenant strip center situated on 1.82 acres along Route 7 in Latham (Albany MSA), New York. This attractive asset consists of three tenants: A corporate Verizon Wireless, Dunkin' Donuts with drive thru backed by a strong 320+ unit operator (largest in US) as well as a 3 Stone Dental clinic, which has a personal guaranty. All leases are under NNN leases with tenants responsible for their pro rata share of all operating expenses. The incoming investor has a unique opportunity to assume the current loan at an attractive and highly sought after sub-4 interest rate. Cash on cash return for this asset is 8.51 percent. Latham is a hamlet in Albany County, New York. It is located along U.S. Route 9 in the town of Colonie, a dense suburb north of Albany. Albany is the capital city of New York, with a population of over 98,000 people. Albany constitutes the economic and cultural core of the Capital District of New York State, which has a Census- estimate population of over 1.1 million people. The Capital District region is the third-most populous metropolitan region in the state. Fortune 500 companies that have offices in Albany include American Express, JP Morgan Chase, Merrill Lynch, General Electric, Verizon, Goldman Sachs, International Paper and Key Bank. The Capital District has emerged as a major anchor of Tech Valley, the moniker describing the technologically-focused region of eastern New York State.