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Shopping Neighborhood

Hudson River Commons

120 Hoosick St, Troy, NY 12180

Listing Price: Request For Offer

Gross SF
129,059
Rentable SF
129,059
Lot Size
2.96 acres
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Hudson River Commons, a 129,0590-square-foot neighborhood shopping center located on 12.2 acres in Troy, New York. The center is currently 97 percent occupied and is anchored by Big Lots (37,132 SF). Other national tenants include Family Dollar (8,667 SF), Rainbow USA (7,500 SF), Friendly’s (4,000 SF), Enterprise Rent-A-Car (3,162 SF), Subway (2,000 SF), Armed Forces Recruiting (1,982 SF) and Little Caesar's (1,200 SF). A portion of The former Peebles space has been released to the Social Security Administration (9,482 SF) under a 15-year lease. An LOI is out for 2,958 square feet, which will leave one available unit of 5,577 SF. The center also has a freestanding Sonic (Ground Lease), and a freestanding building that contains Starbucks with a drive-thru (1,827 SF) and Saratoga National Bank (1,167 SF). Save-A-Lot’s lease expires in December 2027. The operator has vacated but is paying rent per the lease. The center has undergone major renovations since 2014: new façade, pipes installed underground, new parking lot, new roof, and the pylon sign and lights were upgraded.

Investment Highlights

  • Major Renovations Completed 2014-2015
  • Parking For Over 300 Cars
  • Rensselaer Polytechnic Institute (RPI), One of The Nation's Top Technology Schools, is Within Walking Distance From The Plaza With Over 6,000 Affluent Students
  • Dense Retail Trade Area on One of The Capital Region's Busiest Roads
  • High Traffic Count of 43,566 Vehicles Per Day
  • Strong Mix of Credit And National Tenants
  • Long-Term Occupancy by Anchor Big Lots

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

Shopping Neighborhood

Hudson River Commons

Listing Price: Request For Offer

Gross SF
129,059
Rentable SF
129,059
Lot Size
2.96 acres
Year Built
1985

Investment Highlights

  • Major Renovations Completed 2014-2015
  • Parking For Over 300 Cars
  • Rensselaer Polytechnic Institute (RPI), One of The Nation's Top Technology Schools, is Within Walking Distance From The Plaza With Over 6,000 Affluent Students
  • Dense Retail Trade Area on One of The Capital Region's Busiest Roads
  • High Traffic Count of 43,566 Vehicles Per Day
  • Strong Mix of Credit And National Tenants
  • Long-Term Occupancy by Anchor Big Lots

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Hudson River Commons, a 129,0590-square-foot neighborhood shopping center located on 12.2 acres in Troy, New York. The center is currently 97 percent occupied and is anchored by Big Lots (37,132 SF). Other national tenants include Family Dollar (8,667 SF), Rainbow USA (7,500 SF), Friendly’s (4,000 SF), Enterprise Rent-A-Car (3,162 SF), Subway (2,000 SF), Armed Forces Recruiting (1,982 SF) and Little Caesar's (1,200 SF). A portion of The former Peebles space has been released to the Social Security Administration (9,482 SF) under a 15-year lease. An LOI is out for 2,958 square feet, which will leave one available unit of 5,577 SF. The center also has a freestanding Sonic (Ground Lease), and a freestanding building that contains Starbucks with a drive-thru (1,827 SF) and Saratoga National Bank (1,167 SF). Save-A-Lot’s lease expires in December 2027. The operator has vacated but is paying rent per the lease. The center has undergone major renovations since 2014: new façade, pipes installed underground, new parking lot, new roof, and the pylon sign and lights were upgraded.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

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