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Shopping Strip

Evans Mills Shopping Center

25737-26461 Johnson Rd, Evans Mills, NY 13637

Listing Price: $7,022,653

Cap Rate
7.50%
Gross SF
35,900
Rentable SF
35,900
Price/Gross SF
$195.62
Lot Size
5.43 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 35,900-square-foot, Walmart shadow-anchored, multi-tenant retail center in Evan Mills, New York. Evans Mills Shopping Center is currently 100 percent occupied, and all leases are triple-net. Anchored by Dollar Tree, the center features a complementary mix of national and local tenants including Pawn King, Verizon Wireless, Navy Federal Credit Union, Little Caesar's Pizza, Grand Buffet, GameStop, Dream Smoke Shop, and Wayback Burgers. Constructed in 2003, the center is situated on a large 5.43-acre parcel with ample paved parking and a highly visible double-sided pylon sign that provides additional exposure to the center.

Shadow-anchored by Walmart Supercenter, Evans Mills Shopping Center is located on Johnson Road off U.S. Highway 11, providing great visibility from the highway. Traffic counts in front of the property exceed 18,000 vehicles per day. Evans Mills Shopping Center is shadow-anchored by Walmart Supercenter and near other national and regional retailers including Dairy Queen, Taco Bell, Tim Hortons, Wendy’s, Arby’s, McDonald’s, Quality Inn & Suites, ALDI, Dunkin’, Candlewood Suites, Days Inn by Wyndham, and Pizza Hut. The surrounding area has an average household income of $66,397 within five miles of the subject property.

Investment Highlights

  • 35,900-Square-Foot, Multi-Tenant Retail Center | Fully Stabilized Asset | 100% Occupied | 100% of the Leases are Triple-Net
  • Shadow-Anchored by Walmart Supercenter | This Location Ranks in the 76th Percentile Nationwide as Compared to Other Walmart Stores (Source: Placer Labs, Inc.)
  • Strong Tenant Base Anchored by Dollar Tree | Publicly Traded Company (NASDAQ: DLTR) | 64% of the Gross Leasable Area is Leased to National or Regional Retailers
  • Located Directly West of Fort Drum U.S. Army Military Reservation | Home to 15,000 Active Military Service Members

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Shopping Strip

Evans Mills Shopping Center

Listing Price: $7,022,653

Cap Rate
7.50%
Gross SF
35,900
Rentable SF
35,900
Price/Gross SF
$195.62
Lot Size
5.43 acres
Year Built
2006

Investment Highlights

  • 35,900-Square-Foot, Multi-Tenant Retail Center | Fully Stabilized Asset | 100% Occupied | 100% of the Leases are Triple-Net
  • Shadow-Anchored by Walmart Supercenter | This Location Ranks in the 76th Percentile Nationwide as Compared to Other Walmart Stores (Source: Placer Labs, Inc.)
  • Strong Tenant Base Anchored by Dollar Tree | Publicly Traded Company (NASDAQ: DLTR) | 64% of the Gross Leasable Area is Leased to National or Regional Retailers
  • Located Directly West of Fort Drum U.S. Army Military Reservation | Home to 15,000 Active Military Service Members

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 35,900-square-foot, Walmart shadow-anchored, multi-tenant retail center in Evan Mills, New York. Evans Mills Shopping Center is currently 100 percent occupied, and all leases are triple-net. Anchored by Dollar Tree, the center features a complementary mix of national and local tenants including Pawn King, Verizon Wireless, Navy Federal Credit Union, Little Caesar's Pizza, Grand Buffet, GameStop, Dream Smoke Shop, and Wayback Burgers. Constructed in 2003, the center is situated on a large 5.43-acre parcel with ample paved parking and a highly visible double-sided pylon sign that provides additional exposure to the center. Shadow-anchored by Walmart Supercenter, Evans Mills Shopping Center is located on Johnson Road off U.S. Highway 11, providing great visibility from the highway. Traffic counts in front of the property exceed 18,000 vehicles per day. Evans Mills Shopping Center is shadow-anchored by Walmart Supercenter and near other national and regional retailers including Dairy Queen, Taco Bell, Tim Hortons, Wendy’s, Arby’s, McDonald’s, Quality Inn & Suites, ALDI, Dunkin’, Candlewood Suites, Days Inn by Wyndham, and Pizza Hut. The surrounding area has an average household income of $66,397 within five miles of the subject property.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

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