SOLDRetail
Agree Realty Buys Speedway Gas Station In Schenectady From CAP Investment Properties For $3.5M
229 South Brandwine Ave Albany
$3,500,000
Building Size
—
Asset Type
Retail
Closing
Aug 7, 2025
About this deal
AI
The retail asset located at 229 South Brandwine Avenue, Schenectady, is a Speedway gas station and convenience store that sold for $3,500,000.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 229 South Brandwine Avenue
- Market: Schenectady
- Buyer: Agree Realty
- Seller: CAP Investment Properties
- Sale Date: 08/07/2025
- Cap Rate: 6.28%
The buyer is Agree Realty, publicly traded on the New York Stock Exchange under the ticker ADC. CAP Investment Properties is the seller in this transaction.
On the Map
$3,500,000
Retail
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Players
AR
Agree RealtyBuyer
Schenectady Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93