INVESTMENT HIGHLIGHTS

• Kmart recently renewed their lease in May of 2016
• Upside through lease up of vacant space (38,014 SF )
• Quality retail asset with strong, stable in-place cash flow
• Regional retail destination attracts consumers from vast trade area
• Staggered lease expiration dates mitigates tenant rollover risk
• Anchor tenant (Big K) has tenanted the property since 1991.
• National tenants include Peebles, Joann Fabrics, Label Shopper, and Olympia Sports
• Located along the heavily trafficked Route 11. This stretch of road is the main retail corridor in the area, with other long-term retailers such as Wal-Mart, Price Chopper, and Aldi.
• The strip is located in Northern New York near the Canadian border, approximately 50 miles northwest of Plattsburgh. It is the only retail destination within a 25 mile radius, the closest competing retail corridors being in the towns of Plattsburgh and Massena (37 miles northwest).