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Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 1651 Nathaniel Poole Trail is Sweden Shopping Center, an 18,900 SF multi-tenant retail center in Brockport, NY, shadow-anchored by an adjacent Walmart Supercenter that draws 2.4 million annual visits. The center is 64% occupied by three tenants, Maurices, Shoe Dept., and Smokers Choice, generating $262,162 of effective gross income and $133,404 of in-place NOI. Maurices and Shoe Dept. have operated at the property since 2008, and Shoe Dept.'s NNN lease runs through November 2031. The primary thesis is lease-up: 6,800 SF across five contiguous suites of 1,200 to 1,600 SF is available, with pro forma Year 2 NOI of $275,621 as space is absorbed. Leasing also addresses expense leakage, as tenants currently reimburse taxes, insurance, and CAM on a pro-rata basis covering only 63% of operating expenses. The trade area includes 24,653 residents within five miles earning an average household income of $102,274, SUNY Brockport's 7,000 students, and 110 stores within one mile, including 40+ national brands.
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Location
Sweden Shopping Center sits on Nathaniel Poole Trail in Brockport, NY, 0.18 miles from a Walmart Supercenter drawing 2.4M annual visits. Lake Rd S (NY-19) carries 11,800+ VPD, SUNY Brockport and its 7,000 students sit about 3 miles away, and 49 new townhomes adjoin the site. With 110 stores within one mile, the center captures daily retail trips across western Monroe County.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
