For Sale
$5,000,000
351 Southern Blvd Albany, NY 12209
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Approximately 17 years remaining on a 20-year lease with five 5-year renewal options; 5% rent increases every five years.
- Absolute NNN ground lease; zero landlord responsibilities.
- High-traffic location: signalized intersection of Mt. Hope Way and Southern Blvd (37,900 VPD), near I-787 (85,400 VPD).
- Less than 1.5 miles from a major shopping center anchored by Walmart, Lowe's, and other national retailers.
- Strong demographics: 5-mile trade area with over 171,400 residents and an average household income of $104,038.
Property Details for 351 Southern Blvd
- Property type
- Retail properties, Gas stations
- Square Feet
- 4,600 SF
- Year Built
- 2021
- Lot Size (sq. ft)
- 131,987 SF
Location Insight
- City
- Albany
- County
- Albany
- State
- New York
- Latitude
- 42.6301621
- Longitude
- -73.7755031
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 351 Southern Blvd Albany, NY.
- What is the asking price?
- The asking price for this property is $5,000,000.
- What are key features of this property?
- This property features: Approximately 17 years remaining on a 20-year lease with five 5-year renewal options; 5% rent increases every five years.; Absolute NNN ground lease; zero landlord responsibilities.; High-traffic location: signalized intersection of Mt. Hope Way and Southern Blvd (37,900 VPD), near I-787 (85,400 VPD).
- How can I contact the broker?
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