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650 Troy-Schenectady Rd

Latham, NY 12110

$3,074,363

Storefront For Sale  •  2,124 Sq Ft

Property Details

  • Property Type Storefront
  • Total Building Size 2,124 Sq Ft
  • Building Class A
  • Year Built 2008
  • Cap Rate 8.00 %
  • Tenancy Multiple
32 Transit Score
42 Walk Score

Description

The 7,355 square foot tenant building is located in a thriving retail corridor along a primary east-west thoroughfare. Additionally, the property is immediately off of Interstate 87 and near Albany International Airport. Due it its close proximity to Albany International Airport, there are numerous hotels in the surrounding area. Other retailers in the trade corridor include Walmart Supercenter, Lowe’s, Dick’s Sporting Goods, Price Chopper, Sam’s Club, Target, Home Depot and TJMaxx. 

The Dunkin’ Donuts is operated by Cafua Management Company which has over 300 locations spanning 7 states and is the largest private Dunkin’ Donuts franchise in the US. The Dunkin’ Donuts rent escalates 21% in December 2019. The Verizon Wireless has a corporate lease guarantee which is rated BBB+ by S&P which is investment grade. 3 Stone Dentistry & Implants is a state of the art, dental office specializing in general dentistry including restorative, oral surgery, dentures, implants as well as many other services. 3 Stone Dentistry operates 5 locations in New York and Connecticut.

Property Flyers

Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
3 Stone Dental 1,731 SF 3/31/2021
Dunkin Donuts 2,124 SF 12/31/2024
Verizon Wireless 3,500 SF 12/31/2020

Amenities

  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Albany International Airport 5 min - 2.0 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Randy Blankstein 847-562-0003 The Boulder Group
Randy Blankstein 847-562-0003 The Boulder Group