2441 Watt Street, Schenectady, NY 12304

/2441 Watt Street, Schenectady, NY 12304

2441 Watt Street, Schenectady, NY 12304

2441 Watt Street, Schenectady, NY 12304
Property Area
0 sq.ft.
Details

Recently Extended Starbucks Lease

Sabre has been retained on an exclusive basis to the market the fee simple interest in the Starbucks property at 2441 Watt
Street, Schenectady, NY. Schenectady is the 9th largest city in New York with a population over 60,000 and is located just 7 miles northwest of Albany, the state capital. Demographics are dense and the property is located adjacent to Home Depot, Applebee’s, a Price-Rite anchored shopping center and within a half mile of I-890. The subject location is just before the entrance to I – 890 on Schenectatdy Crossover Connection, which has a traffic count just shy of 50,000 vehicles per day, at a signalized intersection. Starbucks has been at this location since 2006. In 2016 they exercise two of the five year options, and moved ahead with renovating showing a long term commitment to the location. This freestanding, double net Starbucks is a top performer in the capital district and has 12% increases every five years. S&P rated the tenant A-1.

 

Highlights:

• Freestanding with drive thru

• Recent 10 year extension

• 12% net growth every 5 years

• Approximately 50,000 VPD traffic count

• Location near highway on ramp

• Long term lease

 

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For more information:

Stu Fagen | fagen@sabre.life | T 516 874 8070 x1503

Gina Baxter baxter@sabre.life | T 516 874 8070 x1510

Outdoor Features

drive thru opportunityDrive-through
Location
PREWRAP
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