83% Occupied, 87,093 SF Value-Add Community Shopping Center in Niagara Falls, NY
Anchored by Office Depot (23.5% of GLA) on NNN Lease into May 2028; Tenant Since 1991
Co-Anchored by Planet Fitness (17.5% of GLA); $15/SF Gross Lease Commenced in 2015 and Expires in 2025
New 7-Year Lease with Family Dollar (13.1% of GLA); Just Commenced Rent at $8/SF
National & Regional Small-Shop Tenants Include CosmoProf, H&R Block, Cricket Wireless, and Duff’s Famous Wings
Mostly Daily Needs Tenant Base – Fitness, Convenience Retail, Restaurants, Salons, Financial Services, Cell Phone Store, etc.
Upside via Lease-Up of 14,838 SF Vacancy Across 6 Small-Shop Spaces
Offered Below Replacement Cost at $101/SF
All 11 Small-Shop Tenants are Subject to NNN Leases with Reimbursement of Mgmt Fees & Most Have 10-15% Admin Fees on Tax/Ins/CAM
Dense Infill Demographics with 12,400 Residents within a One-Mile Radius and Middle-Income AHHI of $65K; Trade Area Population of 127,252
Hard Corner Location at Military Road & Niagara Falls Blvd with Immense Traffic Counts of 56,000 VPD
Approx. 740 Feet of Frontage Along Niagara Falls Blvd with 36,300 VPD and Shallow Parking Field Providing Excellent Visibility
Inline “Strip Mall” Orientation – Every Single Unit has Great Visibility; No Dead Spots
Located in the Epicenter of Niagara Falls Primary Retail Corridor within Immediate Proximity to Fashion Outlets of Niagara Falls, Walmart, Sam’s Club, Wegmans, Target, Home Depot, T.J. Maxx, Tops, Hobby Lobby, Ollie’s, Harbor Freight, Burlington, and Dozens of Freestanding Retailers and Restaurants
Just Over One-Mile from I-190 Exit Ramps – One of the Busiest Exits in the Area with I-190 Seeing 34,000 VPD
Benefits from Strong Tourist Traffic to the Niagara Falls US & Canadian Sides – 9 Million Annual Visitors to Niagara Falls State Park (U.S.) and 13 Million Annual Visitors to the Canadian Side
Niagara-Region Tourism is Responsible for Nearly $3 Billion Annual Economic Impact and Supports 53,000 Jobs