Skip to main content

Shopping Strip

High Traffic Talbots Anchored Center

4777 Vestal Pkwy E, Vestal, NY 13850

Listing Price: $1,800,000

Cap Rate
8.08%
Gross SF
9,064
Rentable SF
9,064
Price/Gross SF
$198.59
Lot Size
0.56 acres
Year Built
1992

Investment Overview

Marcus and Millichap offers a prime opportunity to acquire a fully occupied retail property in Vestal, NY. This well-located center, featuring a diverse tenant base, is an attractive investment for those seeking stable cash flow and potential appreciation. With a 35-year history of 100% occupancy and a mix of NNN and gross leases, investors can expect a stable and predictable income. Tenants include Talbots, Elizabeth’s Shoes & Accessories, Knead Relief Massage, and Homestead Funding Corp

Investment Highlights

  • New 7-Year Leases with both Talbots and Elizabeths Shoes & Accessories
  • Both NNN and Gross leases for future upside
  • Busy Corridor with over 37,000 VPD at a signalized intersection

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Shopping Strip

High Traffic Talbots Anchored Center

Listing Price: $1,800,000

Cap Rate
8.08%
Gross SF
9,064
Rentable SF
9,064
Price/Gross SF
$198.59
Lot Size
0.56 acres
Year Built
1992

Investment Highlights

  • New 7-Year Leases with both Talbots and Elizabeths Shoes & Accessories
  • Both NNN and Gross leases for future upside
  • Busy Corridor with over 37,000 VPD at a signalized intersection

Investment Overview

Marcus and Millichap offers a prime opportunity to acquire a fully occupied retail property in Vestal, NY. This well-located center, featuring a diverse tenant base, is an attractive investment for those seeking stable cash flow and potential appreciation. With a 35-year history of 100% occupancy and a mix of NNN and gross leases, investors can expect a stable and predictable income. Tenants include Talbots, Elizabeth’s Shoes & Accessories, Knead Relief Massage, and Homestead Funding Corp

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

MM Texture Background
MM Textured Background Lower