Grand Central Plaza (Ollie's + Tractor Supply Anchored) — Sale in Horseheads, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Horseheads, NY 14845

Photos

Grand Central Plaza (Ollie's + Tractor Supply Anchored) — Sale in Horseheads, NY, photo 1 of 2
Grand Central Plaza (Ollie's + Tractor Supply Anchored) — Sale in Horseheads, NY, photo 2 of 2

Description

Grand Central Plaza is a 271,165-square-foot strip shopping center located at the Interstate 86 / Route 17 east- and westbound exits with excellent visibility in the Village of Horseheads, in New York’s Southern Tier. The property is located on an approximately 20-acre parcel on Center Street. It features a strong mix of national and regional tenants including Ollie’s Bargain Outlet, Tractor Supply, Family Dollar, H&R Block, Subway, and others, and is complemented by recent leasing activity from Cozy Home Furniture & Mattress and The Bar Health & Fitness Club. There are two pylon signs, as well as an electronic pylon sign. There is one available unit totaling 6,000 square feet. In addition, there is a pad site opportunity available for upside, as well as two vacant lots across from Chemung Street that are also included in the sale, offering significant upside for an investor. Investment Highlights: • High Traffic Location: The property sees heavy traffic counts of approximately 32,000 cars per day due to its location directly off Interstate 86 / Highway 17 exits. • National and Regional Tenant Lineup: Tractor Supply, Ollie's Bargain Outlet, Family Dollar, CarQuest, H&R Block, Mariner Finance, Zoom Tan, and Subway. • Potential for Pad Site Developments: An undeveloped pad site and two additional vacant lots totaling 1.16-acres across from Chemung Street are available for future development • Excellent Visibility and Access: The shopping center is highly visible from Interstate 86 / Highway 17 and easily accessible from Center Street and Chemung Street. • Established and Successful Center: Longstanding successful retail plaza with a proven track record with a Weighted Average Occupied Lease Term of 10.2 years. • Upside Opportunity through Lease Up: One available unit totaling 6,000 SF

Market Context

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