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Retail

The Plaza at Salmon Run

Watertown, NY

68,761 SqFt

Built in 1992

Core

Investment Highlights

  • Hannaford has operated in the center for 30 years and recently extended their base term to May 2028; the tenant accounts for 76% of the total GLA
  • Secure rent roll with newly extended grocer lease and attractive small shop retailers with value-add opportunity
  • Salmon Run Mall ranks in the top 18% of visited shopping centers in the State of NY with 2.2 million visitors in the last 12 months. New Runnings store opened in 2021 directly adjacent to the center
  • Less than 15 miles from Fort Drum and last major shopping center before the Canadian border. Fort Drum provides an economic impact of $1.5 billion annually and 20k jobs with 80,000 troops stationed here
  • Highly trafficked location with strong visibility and access. The Plaza at Salmon Run attracts 28k vehicles per day on Route 3 (Arsenal Street). Clearly Visible from Interstate-81, which provides an additional 20k+ VPD

Exclusively listed by

  • James M. Koury

    Senior Managing Director Investments

    Boston, MA

    (617) 896-7231

    jkoury@ipausa.com

    Boston, MA

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, NY: 10301206120, CT: REB.0755412

Broker of Record

John Horowitz

Broker of Record

(718) 475-4300

License(s): NY: 10311204479

New York

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