Grocery Store
CALL FOR OFFERS JUNE 28 - Net Lease Market32 - Albany, NY
709 Central Ave, Albany, NY 12206
Listing Price: $24,250,000
Investment Overview
CALL FOR OFFERS JUNE 28th: RARE OPPORTUNITY TO BUY A NEW, SINGLE TENANT MARKET 32 AT ENTRANCE TO I-90 IN NEW YORK’S STATE CAPITAL WITH A 15 YEAR LEASE TERM, BACKSTOPPED BY BOTH WAKEFERN AND GOLUB IN ADDITION TO PRICE CHOPPER. IO debt available at 67%LV, 6.08%
CALL FOR OFFERS JUNE 28 - Net Lease Market32 - Albany, NY
Investment Highlights
- The region's dominant grocer is opening a new, Market 32 (Price Chopper) on June 14, 2024. Located at the entrance to I-90 in Albany, New York's state capital
- New 15 year Price Chopper NNN lease with term until 2038, corporately backed by both Wakefern and Golub in addition to Price Chopper
- New, Interest Only Life Co Debt Available at 6.08% and 67% LV. Cash/Cash is 7.0% at the Offering Price
Exclusively Listed By
Broker of Record
Grocery Store
CALL FOR OFFERS JUNE 28 - Net Lease Market32 - Albany, NY
Listing Price: $24,250,000
Investment Highlights
- The region's dominant grocer is opening a new, Market 32 (Price Chopper) on June 14, 2024. Located at the entrance to I-90 in Albany, New York's state capital
- New 15 year Price Chopper NNN lease with term until 2038, corporately backed by both Wakefern and Golub in addition to Price Chopper
- New, Interest Only Life Co Debt Available at 6.08% and 67% LV. Cash/Cash is 7.0% at the Offering Price
Investment Overview
CALL FOR OFFERS JUNE 28th: RARE OPPORTUNITY TO BUY A NEW, SINGLE TENANT MARKET 32 AT ENTRANCE TO I-90 IN NEW YORK’S STATE CAPITAL WITH A 15 YEAR LEASE TERM, BACKSTOPPED BY BOTH WAKEFERN AND GOLUB IN ADDITION TO PRICE CHOPPER. IO debt available at 67%LV, 6.08%
Exclusively Listed By
Broker of Record
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