Shopping Neighborhood
Nine Mall Plaza (Aldi's Anchored | Leasehold)
1816 South Rd, Wappinger Falls, NY 12590
Listing Price: Request For Offer
Investment Overview
This grocery-anchored center is located on Route 9, a high-traffic retail corridor in Dutchess County, New York. The center benefits from a strong grocery anchor tenant in Aldi's, and experiences high traffic counts of approximately 41,000 vehicles per day. Over half of the tenants have been at the center for more than 10 years, indicating long-term stability. There is also upside potential through lease-up of the current 9% vacancy. The property is further enhanced by its proximity to Vassar and Marist Colleges, adding to the customer base. The property is shadow-anchored by Kohls.
Nine Mall Plaza (Aldi's Anchored | Leasehold)
Investment Highlights
- Grocery-Anchored Center Ground Lease
- Kohls Shadow Anchored
- Located on Route 9, Main Retail Corridor of Dutchess County
- Only Discount Grocer in the Market
- Very High Traffic Counts - Approximately 41,000 Vehicles Per Day
- Long-Term Tenants: More than Half of the Tenants Have Been at the Center for Over 10 Years
- Upside Through Lease-Up (9.0% Vacancy)
- Nearby to Both Vassar College and Marist College
Shopping Neighborhood
Nine Mall Plaza (Aldi's Anchored | Leasehold)
Listing Price: Request For Offer
Investment Highlights
- Grocery-Anchored Center Ground Lease
- Kohls Shadow Anchored
- Located on Route 9, Main Retail Corridor of Dutchess County
- Only Discount Grocer in the Market
- Very High Traffic Counts - Approximately 41,000 Vehicles Per Day
- Long-Term Tenants: More than Half of the Tenants Have Been at the Center for Over 10 Years
- Upside Through Lease-Up (9.0% Vacancy)
- Nearby to Both Vassar College and Marist College
Investment Overview
This grocery-anchored center is located on Route 9, a high-traffic retail corridor in Dutchess County, New York. The center benefits from a strong grocery anchor tenant in Aldi's, and experiences high traffic counts of approximately 41,000 vehicles per day. Over half of the tenants have been at the center for more than 10 years, indicating long-term stability. There is also upside potential through lease-up of the current 9% vacancy. The property is further enhanced by its proximity to Vassar and Marist Colleges, adding to the customer base. The property is shadow-anchored by Kohls.
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