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JCPenney

JCPenney
Make an Offer
Investment Offering

Tenant: JCPenney
Premises: 38720 SF
Renewal Options: 2 x 5 Year

Lease Expiration: 8/31/2019
Lease Type: NN
Rental Increases: None

 

  • High Cap Rate of 8.18% on Existing Income
  • Value Added Opportunity – Under $30 PSF
  • Massive Future Upside – Rent Substantially Below Market
  • Long Term Operating History at This Location – Over 35 Years
  • In Cooperation with JDS Real Estate Services, Inc. Lic # 10311205665
Tenant Overview

Batavia is the only City in Genesee County and serves as the County seat with a corporate boundary of 5.2 square miles, serving a population of 15,399 residents. The City of Batavia is a business-friendly organization with a balanced budget, quality services and an affordable cost of living. The City of Batavia is committed to serving the community with the highest standards of professionalism, integrity and ethics, while being results-focused.

Batavia was named to acknowledge and honor the Dutch investors who comprised the Holland Land Company. At that time, their homeland of the Netherlands was known as the Republic of Batavia, a name taken from the Batavii. The Batavii were a tribe of people who lived in the Netherlands during Roman times and are considered to be the forerunners of the modern Dutch nation.

The Batavia Industrial Center, launched in the 1950s, was the first business incubator in the world. John Elway, later quarterback of the Super Bowl champion Denver Broncos, hit his first professional home run at Batavia’s Dwyer Stadium while playing minor league baseball. When Buffalo was burned by the British in the War of 1812, refugees and soldiers alike fled to Batavia where they found a safe haven.

The first Union soldier to enlist in the Civil War was from Batavia. Many celebrities have visited, entertained, or otherwise spent time in Batavia, often drawing large crowds. For example, in 1926, over 1,000 people turned out to hear Helen Keller speak.

Area Overview

JCPenney

40 Batavia Centre - Batavia, NY 14020

Contact Broker for Details

Status: Sold

JCPenney

Daniel Hoogesteger

310.853.1419
dan@SIGnnn.com

Chris Sands

310.870.3282
chris@SIGnnn.com

Make an Offer
$8 BILLION IN SALES

Leverage our Platform
List with SIG

Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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