Monroe Plaza

Monroe Plaza_Undercontract

Monroe Plaza

785 NY-17M, Monroe, NY 10950, USA

Monroe Plaza

As exclusive agent, Cushman & Wakefield‘s Retail Investment Advisors are pleased to offer a 100% fee interest in Monroe Plaza for sale. Situated on 12 acres along the primary commercial corridor in Monroe, New York, this 122,007-square foot grocery center is anchored by ShopRite and Rite Aid, which reported 2018 annual sales of $773 and $513 per square foot, respectively. These two tenants have a long tenure, having been in occupancy since the early 1990’s. Monroe Plaza is currently 100% leased to 15 tenants, providing a durable income stream via an e-commerce resistant mix of food, fitness, services and medical. The Center benefits from a trade area that has registered 12% population growth since 2010. Within a 5-mile radius, population is 73,859 with an average household income of $113,416. The site offers exceptional visibility from Highway 17M (15,200 VPD) and New York State Route 208, as well as convenient access to and from primary commuting highways Routes 17 and 6. The location is just minutes from Woodbury Common Premium Outlets, a 902,000 SF tourist destination that attracts over 13 million visitors per year. As a testament to being in the “preferred” area of the local market, the following retailers have all located within one mile of Monroe Plaza: McDonald’s, Burger King, QuickCheck, Dunkin Donuts, M&T Bank, Chase Bank, AT&T, Mavis Discount Tire, and Flagship Cinemas.

Property Summary

GLA (SF)122,007 SF
AnchorShopRite, Rite Aid

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