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12 Ballston Ave 2,258 SF Retail Building Saratoga Springs, NY 12866 $5,187,712 CAD ($2,297.48 CAD/SF) 5.33% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Saratoga Springs Location, over 7,000 students across colleges and secondary schools within a 5-mile radius
- New long-term lease. Corporate Guaranty from Chipotle Mexican Grill, Inc
- Unmatched access to year-round economic and tourism drivers
EXECUTIVE SUMMARY
Atlantic Capital Partners is pleased to exclusively
present a premier net lease opportunity, a newly
constructed Chipotle Mexican Grill located at 12
Ballston Ave, in Saratoga Springs, NY. This 2,343
square foot building offers investors the chance to
acquire a brand-new, corporate-backed asset in
one of the most dynamic and historically rich
markets in the Northeast.
Saratoga Springs is widely recognized as the horse
racing capital of the Northeast and one of the
region’s most visited destinations. The city pulls over
one million annual visitors to the iconic Saratoga
Racing Course, home to The Travers, one of the oldest
and most prestigious racing events in the country. The
area also features the Oklahoma Training Track and
National Museum of Racing & Hall of Fame,
cementing its status as a cornerstone of American
horse racing. Just minutes from this property, the
Saratoga Casino attracts an additional 1.5 million
annual visitors, contributing to the city’s year-round
tourism and economic activity.
The property is ideally positioned along Ballston
Avenue, a major retail corridor that connects directly
to downtown Saratoga Springs. The area benefits from
high visibility, robust traffic counts, and strong retail
presence. Additionally, the site is located just 8 minutes
(1.5 miles) from Skidmore College, a highly regarded
liberal arts school with approximately 2,500 students.
present a premier net lease opportunity, a newly
constructed Chipotle Mexican Grill located at 12
Ballston Ave, in Saratoga Springs, NY. This 2,343
square foot building offers investors the chance to
acquire a brand-new, corporate-backed asset in
one of the most dynamic and historically rich
markets in the Northeast.
Saratoga Springs is widely recognized as the horse
racing capital of the Northeast and one of the
region’s most visited destinations. The city pulls over
one million annual visitors to the iconic Saratoga
Racing Course, home to The Travers, one of the oldest
and most prestigious racing events in the country. The
area also features the Oklahoma Training Track and
National Museum of Racing & Hall of Fame,
cementing its status as a cornerstone of American
horse racing. Just minutes from this property, the
Saratoga Casino attracts an additional 1.5 million
annual visitors, contributing to the city’s year-round
tourism and economic activity.
The property is ideally positioned along Ballston
Avenue, a major retail corridor that connects directly
to downtown Saratoga Springs. The area benefits from
high visibility, robust traffic counts, and strong retail
presence. Additionally, the site is located just 8 minutes
(1.5 miles) from Skidmore College, a highly regarded
liberal arts school with approximately 2,500 students.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,258 SF
Building Class
C
Year Built
1962
Price
$5,187,712 CAD
Price Per SF
$2,297.48 CAD
Cap Rate
5.33%
NOI
$276,505 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.33 AC
Zoning
C3 - Commercial
Parking
30 Spaces (13.29 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 411501-165-083-0001-003-000-0000 | Improvements Assessment | $247,350 CAD |
| Land Assessment | $423,317 CAD | Total Assessment | $670,667 CAD |
PROPERTY TAXES
Parcel Number
411501-165-083-0001-003-000-0000
Land Assessment
$423,317 CAD
Improvements Assessment
$247,350 CAD
Total Assessment
$670,667 CAD
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12 Ballston Ave
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