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Dutchtown Plaza - Palatine Bridge, NY 38-68 Dutch Town Plz 89,210 SF 65% Leased Retail Building Palatine Bridge, NY 13428 $3,795,025 CAD ($42.54 CAD/SF) 8.25% Cap Rate
Investment Highlights
- Dutchtown Plaza is anchored by Ollie's Bargain Outlet and Tractor Supply Company, 2 nationally recognized retailers.
- Offered at a significant discount to replacement cost, allowing investors to acquire a large-format retail center at a highly attractive basis $30/SF.
- Convenient ingress/egress and ample parking, enhancing tenant performance and customer convenience.
- Strong opportunity to reposition and transform the center through targeted leasing and active asset management with a CAGR of 9.7%.
- Attractive going-in returns relative to today’s debt environment, while minimizing near-term leasing risk. This is the ideal blend of income & upside.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 89,210 SF Dutchtown Plaza located at 38 W Main Street in Palatine Bridge, NY. Dutchtown Plaza offers a compelling value-add opportunity to reposition and enhance the center through targeted leasing strategies and active asset management. With a strong historical CAGR of 9.7%, this asset presents investors with a unique opportunity for both income growth and long-term appreciation.
In Cooperation With SIG RE Services NY LLC - Lic. #10991233211 BoR: Andrew Ackerman - Lic. NY #10491210161
In Cooperation With SIG RE Services NY LLC - Lic. #10991233211 BoR: Andrew Ackerman - Lic. NY #10491210161
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
89,210 SF
Building Class
C
Year Built/Renovated
1970/2000
Price
$3,795,025 CAD
Price Per SF
$42.54 CAD
Cap Rate
8.25%
NOI
$313,126 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.12
Lot Size
17.10 AC
Parking
300 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
80’ on GRAND ST
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ollie's Bargain Outlet
- Retailer
- 33,000 SF
- $5.36 CAD
- Triple Net
- Feb 2028
- Tractor Supply Co.
- Retailer
- 21,509 SF
- $10.03 CAD
- Triple Net
- Dec 2034
- US Post Office
- Administrative and Support Services
- 1,689 SF
- $19.89 CAD
- -
- Feb 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ollie's Bargain Outlet | Retailer | 33,000 SF | $5.36 CAD | Triple Net | Feb 2028 | |
| Tractor Supply Co. | Retailer | 21,509 SF | $10.03 CAD | Triple Net | Dec 2034 | |
| US Post Office | Administrative and Support Services | 1,689 SF | $19.89 CAD | - | Feb 2028 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 2
- 7,136 SF
- Retail
- In-Line
- Now
- 4
- 1,400 SF
- Office/Retail
- -
- Now
Anchorage space.
- 7
- 576 SF
- Office/Retail
- -
- Now
- 7B
- 200 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 2 | 7,136 SF | Retail | In-Line | Now |
| 4 | 1,400 SF | Office/Retail | - | Now |
| 6B | 22,000 SF | Retail | In-Line | Now |
| 7 | 576 SF | Office/Retail | - | Now |
| 7B | 200 SF | Office/Retail | - | Now |
2
| Size |
| 7,136 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
4
| Size |
| 1,400 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
6B
| Size |
| 22,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
7
| Size |
| 576 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
7B
| Size |
| 200 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
6B
| Size | 22,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Anchorage space.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 273403-063-010-0002-003-000-0000 | Improvements Assessment | $1,454,143 CAD |
| Land Assessment | $234,362 CAD | Total Assessment | $1,688,505 CAD |
Property Taxes
Parcel Number
273403-063-010-0002-003-000-0000
Land Assessment
$234,362 CAD
Improvements Assessment
$1,454,143 CAD
Total Assessment
$1,688,505 CAD
Contacts
-
Alex Conley -
Claire Brazzel -
Jack Liberatore -
Clifton McCrory -
Chris Sands -
Sands Investment Group
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Dutchtown Plaza - Palatine Bridge, NY | 38-68 Dutch Town Plz
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