4140 Veterans Memorial Dr - Storefront FOR SALE


Batavia, NY 14020
$4,774,470 USD
972-755-5225
4140 Veterans Memorial Dr, Batavia, NY for Sale
$4,774,470 USD
Storefront - FOR SALE
1/13
null | 8.25% Cap Rate

4140 Veterans Memorial Dr
Batavia, NY 14020


HIGHLIGHTS

  • 35,413-Square-Foot, Multi-Tenant Retail Center
  • 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)

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.

FOR SALE DETAILS

PRICE

$4,774,470 USD

PRICE/SF

$135 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Batavia Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

3.8 AC

LAND SF

165,528 SF

ZONING

452

APN/PARCEL ID

182400-008-000-0001-017-121

ASK ABOUT THIS PROPERTY

Philip LevyMarcus & MillichapMore Info
972-755-5225

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Philip LevyMarcus & MillichapMore Info
972-755-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.