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38-68 Dutch Town Plz
Palatine Bridge, NY 13428

$2,769,000 USD

Storefront For Sale  •  89,210 SF

Property Details

  • Property Type Storefront
  • Total Building Size 89,210 SF
  • Lot Size 17.1 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 8.25 %
  • Tenancy Multiple
30 Walk Score

Highlights

Dutchtown Plaza is anchored by Ollie's Bargain Outlet and Tractor Supply Company, 2 nationally recognized retailers.
Strong opportunity to reposition and transform the center through targeted leasing and active asset management with a CAGR of 9.7%.
Offered at a significant discount to replacement cost, allowing investors to acquire a large-format retail center at a highly attractive basis $30/SF.
Attractive going-in returns relative to today’s debt environment, while minimizing near-term leasing risk. This is the ideal blend of income & upside.
Convenient ingress/egress and ample parking, enhancing tenant performance and customer convenience.
Cap Rate: 8.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Ollie's Bargain Outlet 33,000 SF 2/1/2028
Tractor Supply Co. 21,509 SF 12/1/2034
US Post Office 1,689 SF 2/1/2028

Amenities

  • Pylon Sign
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 300
Type: Surface
Included in Rent: Yes
Alex Conley 843-931-9503 Sands Investment Group
Alex Conley 843-931-9503 Sands Investment Group