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Shopping Strip

Batavia Shopping Center

4140 Veterans Memorial Dr, Batavia, NY 14020

Listing Price: $5,433,000

Cap Rate
7.25%
Gross SF
35,413
Rentable SF
35,413
Price/Gross SF
$153.42
Lot Size
3.80 acres
Year Built
2007

Investment Overview

Batavia Shopping Center is a 35,413-square-foot, multi-tenant retail center located in Batavia, New York. The building is currently 100 percent leased, and 87 percent of the gross leasable area has triple-net terms. Anchored by Planet Fitness, the tenant base consists of a complementary mix of national and local retailers including Shoe Dept., H&R Block, Cricket Wireless, Pawn King, Yume Asian Bistro, Senor Leon Mexican Restaurant, B&L Nail Salon, and Vitality Nutrition Group. The subject property was constructed in 2007 and is situated on a 3.8-acre parcel with paved parking.

Batavia Shopping Center is located on Veterans Memorial Drive, positioned near the intersection of Lewiston Road and West Main Street/Highway 5. The center has access from two ingress and egress points; traffic counts in front of the subject property are approximately 8,763 vehicles per day. Batavia Shopping Center is shadow-anchored by a high-traffic Walmart Supercenter with more than two million visitors annually, and near numerous other national retailers including The Home Depot, Five Guys, Target, Petco, Old Navy, Famous Footwear, Five Below, Michaels, Marshalls, ULTA Beauty, Dick's Sporting Goods, Kohl's, AutoZone Auto Parts, Verizon, Maurices, Verizon, Tropical Smoothie Café, Jersey Mike's Sub, Starbucks, Dunkin', Taco Bell, and many more.

Investment Highlights

  • Shadow-Anchored by Walmart Supercenter | Major Traffic Driver to the Area with Approximately Two Million Visitors Annually (source: Placer Labs Inc.)
  • Anchored by Planet Fitness | Publicly Traded Company (NYSE: PLNT)
  • Complementary Tenant Base Comprised of National and Local Retailers that are Largely Internet-Resistant Businesses and Restaurants
  • Priced at $153 per Square Foot | Below Replacement Cost
  • Adjacent to Batavia Downs Gaming & Hotel, the Area's Premier Entertainment Destination for Gaming, Shopping, Dining, and Live Horse Racing

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Shopping Strip

Batavia Shopping Center

Listing Price: $5,433,000

Cap Rate
7.25%
Gross SF
35,413
Rentable SF
35,413
Price/Gross SF
$153.42
Lot Size
3.80 acres
Year Built
2007

Investment Highlights

  • Shadow-Anchored by Walmart Supercenter | Major Traffic Driver to the Area with Approximately Two Million Visitors Annually (source: Placer Labs Inc.)
  • Anchored by Planet Fitness | Publicly Traded Company (NYSE: PLNT)
  • Complementary Tenant Base Comprised of National and Local Retailers that are Largely Internet-Resistant Businesses and Restaurants
  • Priced at $153 per Square Foot | Below Replacement Cost
  • Adjacent to Batavia Downs Gaming & Hotel, the Area's Premier Entertainment Destination for Gaming, Shopping, Dining, and Live Horse Racing

Investment Overview

Batavia Shopping Center is a 35,413-square-foot, multi-tenant retail center located in Batavia, New York. The building is currently 100 percent leased, and 87 percent of the gross leasable area has triple-net terms. Anchored by Planet Fitness, the tenant base consists of a complementary mix of national and local retailers including Shoe Dept., H&R Block, Cricket Wireless, Pawn King, Yume Asian Bistro, Senor Leon Mexican Restaurant, B&L Nail Salon, and Vitality Nutrition Group. The subject property was constructed in 2007 and is situated on a 3.8-acre parcel with paved parking. Batavia Shopping Center is located on Veterans Memorial Drive, positioned near the intersection of Lewiston Road and West Main Street/Highway 5. The center has access from two ingress and egress points; traffic counts in front of the subject property are approximately 8,763 vehicles per day. Batavia Shopping Center is shadow-anchored by a high-traffic Walmart Supercenter with more than two million visitors annually, and near numerous other national retailers including The Home Depot, Five Guys, Target, Petco, Old Navy, Famous Footwear, Five Below, Michaels, Marshalls, ULTA Beauty, Dick's Sporting Goods, Kohl's, AutoZone Auto Parts, Verizon, Maurices, Verizon, Tropical Smoothie Café, Jersey Mike's Sub, Starbucks, Dunkin', Taco Bell, and many more.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

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