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Subject Property is in Schenectady, New York, between Interstate-90 and Interstate-890, along Altamont Avenue. This Dense Retail corridor is Host to Major National Tenants, including Target, Walmart Supercenter, Hannaford Supermarket, The Home Depot, Starbucks, ALDI, Save-a-Lot, McDonald's, Burger King, Pizza Hut, Taco Bell, Verizon, and many more. The Asset has Monument Signage, Ample Parking, Ingress/Egress to Altamont Ave and Greenpoint Ave, with 130-Feet of Direct Frontage along Altamont Ave, Which is Exposed to 21,000+ Vehicles Daily.
A Local Attraction, Rivers Casino & Resort opened in 2017, Offering Slots, Poker, Dining, Entertainment, and Spa. Proctors Theater is Located Here and is the Destination for Major Broadway Shows. Also located here is Mohawk Harbor, a 60-Acre Master Planned Community that Integrates Luxury Living, High-Tech Offices, Restaurants, and Retail Along one-Mile of the Mohawk River. It is part of the Rivers Casino & Resort, with Over One Million Square Feet and just a Short Five-Minute Drive from this Asset.
For over 20 years, since its construction in 1999, this property remains home to two National Tenants, Aspen Dental and CosmoProf. Both Tenants Operate on NNN Leases with 10% Rent Escalations every Five Years, providing Low-Risk Passive Income. This Property is a Twenty-Minute drive to Downtown Albany, NY. Albany is Known for its Rich History, Commerce, Architecture, and Institutions of Higher Education.
Month | Payment | Principal | Interest | Total Interest | Balance |
---|---|---|---|---|---|
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 12,174 | 88,958 | 143,290 | |
Population Median Age | 41 | 39 | 40 | |
Population by Age | 0-9 Yrs | 1279 (10%) | 10124 (11%) | 17158 (11%) |
10-19 Yrs | 1503 (12%) | 10956 (12%) | 17010 (11%) | |
20-29 Yrs | 1513 (12%) | 13309 (14%) | 19344 (13%) | |
30-39 Yrs | 1601 (13%) | 12201 (13%) | 19226 (13%) | |
40-49 Yrs | 1451 (11%) | 10415 (11%) | 16813 (11%) | |
50-59 Yrs | 1861 (15%) | 12214 (13%) | 20156 (14%) | |
60-69 Yrs | 1359 (11%) | 10404 (11%) | 17820 (12%) | |
70+ Yrs | 1607 (13%) | 9335 (10%) | 15763 (11%) | |
Median HH Income | $58,338 | $53,158 | $64,109 | |
Total Household Income | < 24K | 803 (18%) | 7461 (23%) | 10030 (19%) |
25-49K | 1086 (25%) | 7501 (23%) | 10896 (21%) | |
50-74K | 782 (18%) | 5404 (17%) | 8418 (16%) | |
75-99K | 677 (15%) | 4208 (13%) | 6732 (13%) | |
100-199K | 860 (20%) | 6068 (19%) | 12696 (24%) | |
200K+ | 68 (1%) | 758 (2%) | 2930 (5%) | |
Highest Education Level | No Diploma | 899 | 7692 | 9580 |
Diploma or GED | 3481 | 20634 | 28971 | |
Some College | 1718 | 10411 | 15950 | |
Assoc. Degree | 1171 | 8061 | 12696 | |
Bachelors Degree | 992 | 8914 | 18199 | |
Higher Degree | 510 | 5208 | 13603 | |
Total Housing Units | 5,607 | 41,312 | 65,680 | |
--Owner-Occupied | 3,094 | 17,938 | 33,261 | |
--Renter-Occupied | 1,182 | 13,463 | 18,441 | |
Owner-Occupied Values | < 100K | 662 | 4785 | 5946 |
100-199K | 1995 | 9475 | 15132 | |
200-299K | 365 | 2562 | 7207 | |
300-399K | 43 | 750 | 3324 | |
400-499K | 0 | 166 | 887 | |
500K+ | 30 | 199 | 766 | |
Total Working Age Population | 10,050 | 73,144 | 116,672 | |
In Work Force | 6,149 | 44,821 | 73,144 | |
Not In Work Force | 3,901 | 28,323 | 43,527 | |
Workforce Employed | 5,768 | 41,389 | 68,287 | |
Workforce Unemployed | 353 | 3,379 | 4,732 | |
Civlian Workforce | 6,121 | 44,768 | 73,020 | |
Military Workforce | 28 | 52 | 125 | |
Total Households | 4,277 | 31,400 | 51,702 | |
Family Households | 2,540 | 17,415 | 30,492 | |
Non-Family Households | 1,737 | 13,985 | 21,211 | |
Married Couple | 1,752 | 11,526 | 21,879 | |
Other Family | 788 | 5,888 | 8,613 | |
Married w/Child | 554 | 3,690 | 7,505 | |
Single Male w/Child | 140 | 770 | 1,136 | |
Single Female w/Child | 255 | 2,042 | 3,227 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
New York | 18,976,457 | +2 | 19,378,102 | +4 | 20,146,131 | +2 | 20,604,030 |
Albany County | 294,565 | +3 | 304,204 | +3 | 312,945 | +3 | 322,394 |
Saratoga County | 200,635 | +9 | 219,607 | +7 | 234,009 | +5 | 246,743 |
Schenectady County | 146,555 | +6 | 154,727 | +1 | 156,103 | +1 | 157,575 |