Ground lease opportunity with Costco Wholesale, a 12.97 acre property with 18 premium discounted gas pumps and a +/- 150,000-sqftretail building located in Oceanside, New York. Costco Oceanside has excellent nearby demographics with a dense, wealthy population base. Within a 5-mile radius of the site there are approximately 341,258 residents living in 120,617 houses. The surrounding area has a high average household income of $125,389 within a 5-mile radius. This Costco will draw customers from Oceanside, with a population of 32,109, as well as Freeport, a town with 43,713 residents to the east, and 53,891 residents from Hempstead to the north. The site is also within a few miles of East Atlantic Beach, Long Beach, and Jones Beach, a 6.5-mile stretch known as one of the most popular and heavily visited beaches on the East Coast, with an estimated six million visitors per year. The surrounding area has become a retail destination for nearby residents with many major national tenants including Bed, Bath & Beyond, Kohl’s, Staples, Trader Joe’s, Stop & Shop, Nike Factory Store, Victoria’s Secret, GAP, Express and Marshall's, all within one mile of the site.
Courtesy of Landmark Real Estate Company
Asking Price: $31,576,000
Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single
Lease Term28.2 years Lease Commencement 12/12/1995 Rent Commencement 12/12/1995
Lease Expiration 01/31/2024 Remaining Term 4.3 years Square Footage 114,113 Price/Sq Ft $276.71
Occupancy 100% Units 1 Year Built 1996 Year Renovated 2018 Lot Size (acres)12.76 Parking (spaces) 465
Retail Community Center Investment Type Value Add
Tenancy Multi Number of Tenants 16 Square Footage 244,787 Occupancy 96.25% NOI $1,928,676 Year Built 2008 Year Renovated 2017
Zoning 00-Commercial Lot Size (acres) 28.8 Parking (spaces) 1,306
* Premier Tenant Net Lease * Below Replacement Cost
Buffalo Niagara International Airport - Dynamic Demographics
OFFERING PRICE $7,703,000 NOI $527,666 CAP RATE 6.85%
TERM REMAINING ±10.4 Years RENT INCREASES $1.00/SF every 5 years BUILDING SIZE 45,925 SF LAND AREA 4.20 Acres PARKING SPACES 269 Spaces TRAFFIC COUNTS Transit Road: By CBRE
820 State Route 9, Queensbury, NY 12804
Asking Price: Unpriced Property Type Retail - Community Center
Investment Type Value Add
Square Footage 192,157 Occupancy 87.21%
NOI $1,438,200 Year Built 1964 Renovated 1993, 2014 & 2015
Zoning CI (Commercial Intensive)
Lot Size (acres)20.74 Parking (spaces)972
Courtesy of SRS Real Estate Partners
221-231 Wade Rd Extension, Latham, NY 12110
Property Type Retail Sub Type Community Center
Tenancy Multi Square Footage 148,091 Occupancy 98.97%
NOI $1,584,824 Year Built 2004 Year Renovated 2019
Zoning 16- Mixed Use HCOR Lot Size (acres) 23.78
LEE GROUP is pleased to offer Northway Plaza - a market-leading community center shadow-anchored by The Home Depot and anchored by Hobby Lobby, and T.J. Maxx - with a “main and main“ location in Queensbury, NY. Northway Plaza is advantageously anchored by coveted, credit retailers – T.J.Maxx and Hobby Lobby – with nearly 6 years of aggregate anchor lease term remaining. T.J.Maxx continues to report phenomenal company-wide sales growth while Hobby Lobby’s expansion plan maintains its rapid trajectory with 65 new stores planned for the company in 2019 on the heels of 56 new stores opened in 2018.
Bolstered by an adjacent Home Depot shadow-anchor component, the Property boasts an 88% national tenant roster complimented by a synergistic mix of retail, service providers and national restaurants like Chipotle, Panera Bread and Texas Roadhouse (NAP). Additionally, Change Healthcare, which has expanded twice at the Property and just filed its highly-anticipated IPO, provides a built-in consumer base on-site which notably benefits all tenants at Northway Plaza.
Northway Plaza boasts an ideal market position at the signalized intersection of Lake George Rd (US-9) and Aviation Rd (NY-254), with a combined traffic count of 39,764 VPD. US-9 runs north and south from Laurel, DE to Champlain, NY, paralleling I-87, while Aviation Rd (NY-254) runs east and west through the hearts of Queensbury and Glens Falls. The intersection of the roads in front of Northway Plaza serves as the region’s retail nucleus - home to Walmart, Lowe’s, Target, Dick’s, Aldi, Price Chopper, Petco, Hannaford, Regal Cinemas, Price Rite, Tractor Supply, Dollar Tree and more.
Located in the foothills of the Adirondack Mountains, roughly 50 miles north of Albany and 7 miles south of the Village of Lake George; Queensbury serves as a popular tourist destination due to its recreational opportunities and myriad family entertainment. Situated in Upstate New York, just west of the Vermont border, the city is part of the Glens Falls, NY MSA. It is home to SUNY Plattsburgh’s Queensbury Campus, SUNY Adirondack, Six Flags’ The Great Escape & Splashwater Kingdom, and West Mountain – a ski resort located in southwest Queensbury. In addition to tourism, Queensbury’s economic engine runs on a notable manufacturing industry with a concentration in the production of medical devices and healthcare technology. Courtesy of SRS Real Estate Partners
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