Office Medical

Aspen Dental & Cosmoprof

1710 Altamont Ave, Schenectady, NY 12303

Listing Price: $1,108,285

Cap Rate
7.00%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$184.71
Year Built
1999
Lot Size
0.71 acres

Investment Overview

Subject Property is in Schenectady, New York, between Interstate-90 and Interstate-890, along Altamont Avenue. This Dense Retail corridor is Host to Major National Tenants, including Target, Walmart Supercenter, Hannaford Supermarket, The Home Depot, Starbucks, ALDI, Save-a-Lot, McDonald's, Burger King, Pizza Hut, Taco Bell, Verizon, and many more. The Asset has Monument Signage, Ample Parking, Ingress/Egress to Altamont Ave and Greenpoint Ave, with 130-Feet of Direct Frontage along Altamont Ave, Which is Exposed to 21,000+ Vehicles Daily.

A Local Attraction, Rivers Casino & Resort opened in 2017, Offering Slots, Poker, Dining, Entertainment, and Spa. Proctors Theater is Located Here and is the Destination for Major Broadway Shows. Also located here is Mohawk Harbor, a 60-Acre Master Planned Community that Integrates Luxury Living, High-Tech Offices, Restaurants, and Retail Along one-Mile of the Mohawk River. It is part of the Rivers Casino & Resort, with Over One Million Square Feet and just a Short Five-Minute Drive from this Asset.

For over 20 years, since its construction in 1999, this property remains home to two National Tenants, Aspen Dental and CosmoProf. Both Tenants Operate on NNN Leases with 10% Rent Escalations every Five Years, providing Low-Risk Passive Income. This Property is a Twenty-Minute drive to Downtown Albany, NY. Albany is Known for its Rich History, Commerce, Architecture, and Institutions of Higher Education.

Investment Highlights

  • Two National Tenants in Place for Over 20 Years, Since the Building was Constructed
  • Tenants Operate on NNN Leases With 10% Rent Escalations Every 5 Years, with Options
  • Situated Along the Main Retail Corridor With National Brands - Walmart, Target, Aldi
  • 3.5 Miles to Rivers Casino and Resort
  • 10.4 Miles to Albany International Airport
  • 6,000 Rentable Square Feet of Well-Maintained Property on 0.71 acres

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

Financing By

Office Medical

Aspen Dental & Cosmoprof

Listing Price: $1,108,285

Cap Rate
7.00%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$184.71
Year Built
1999
Lot Size
0.71 acres

Investment Highlights

  • Two National Tenants in Place for Over 20 Years, Since the Building was Constructed
  • Tenants Operate on NNN Leases With 10% Rent Escalations Every 5 Years, with Options
  • Situated Along the Main Retail Corridor With National Brands - Walmart, Target, Aldi
  • 3.5 Miles to Rivers Casino and Resort
  • 10.4 Miles to Albany International Airport
  • 6,000 Rentable Square Feet of Well-Maintained Property on 0.71 acres

Investment Overview

Subject Property is in Schenectady, New York, between Interstate-90 and Interstate-890, along Altamont Avenue. This Dense Retail corridor is Host to Major National Tenants, including Target, Walmart Supercenter, Hannaford Supermarket, The Home Depot, Starbucks, ALDI, Save-a-Lot, McDonald's, Burger King, Pizza Hut, Taco Bell, Verizon, and many more. The Asset has Monument Signage, Ample Parking, Ingress/Egress to Altamont Ave and Greenpoint Ave, with 130-Feet of Direct Frontage along Altamont Ave, Which is Exposed to 21,000+ Vehicles Daily.

A Local Attraction, Rivers Casino & Resort opened in 2017, Offering Slots, Poker, Dining, Entertainment, and Spa. Proctors Theater is Located Here and is the Destination for Major Broadway Shows. Also located here is Mohawk Harbor, a 60-Acre Master Planned Community that Integrates Luxury Living, High-Tech Offices, Restaurants, and Retail Along one-Mile of the Mohawk River. It is part of the Rivers Casino & Resort, with Over One Million Square Feet and just a Short Five-Minute Drive from this Asset.

For over 20 years, since its construction in 1999, this property remains home to two National Tenants, Aspen Dental and CosmoProf. Both Tenants Operate on NNN Leases with 10% Rent Escalations every Five Years, providing Low-Risk Passive Income. This Property is a Twenty-Minute drive to Downtown Albany, NY. Albany is Known for its Rich History, Commerce, Architecture, and Institutions of Higher Education.

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

Financing By

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