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Retail

Price Chopper Plaza

Binghamton, NY

126,917 SqFt

Built in 1987

Core

Investment Highlights

  • State University Town - Price Chopper Plaza plays an important role providing goods and services to the 20,000 students and faculty of SUNY Binghamton
  • Anchored by Area's Dominant Grocer - Price Chopper is based out of Albany and is the region's dominant grocer with over 125 locations
  • Long Term Price Chopper Lease - Built just 8 years ago, Price Chopper has 12 years remaining on its lease providing revenue stability and the best loan terms from prospective lenders
  • Grocer Represents 58% of the Income - Further providing stability to the center's long term revenue and stability
  • Biggest Four Tenants Account for 88% of NOI - The new Big Lots and Planet Fitness just joined a renovated Price Chopper and Dollar Tree to generate 88% of the center's revenue, ensuring both stability and growth from contractual rent bumps for many years
  • Big Lots and Dollar Tree's Below Market Rent at $5/$7 PSF
  • Full Expense Recovery - All tenants are fully triple net, paying their pro rata share of CAM, Taxes and Insurance

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

J.D. Parker

Broker of Record

(212) 430-5100

License(s): NY: 10311204323

New York

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