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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
19820110
19820111

3125 Erie Blvd E, East Syracuse, NY 13057

BF
NY 30FE1034180
Sutton Real Estate Company LLC
Listed by Sutton Real Estate Company LLC
$1,500,000
646 days on market
Updated 87 days ago

FedEx

Details
Property Type Retail
Sub Type Storefront
Square Footage 6,000
Net Rentable (SqFt) 6,000
Units 2
Cap Rate 7.99%
NOI $119,788
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx
Lease Type NNN
Lease Term 10
Lease Expiration 05/31/2033
Remaining Term 7
Rent Bumps Yes
Lease Options 2-5 year
Pro-Forma Cap Rate 7.99%
Pro-Forma NOI $119,788
Price per SqFt $250
Broker Co-Op Yes
Class A
Year Built 1999
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.560
Zoning Commercial
Parking Spaces 35 spaces
Parking Per SqFt 5.83
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/01/2023
Occupancy Date 06/01/2023
Sale Condition 1031 exchange

Retail | 7.99% CAP | 6,000 SqFt

Marketing description

Introducing a prime investment opportunity at 3115-3117 Erie Blvd. E., DeWitt, NY 13214! This property boasts a solid tenant in FedEx Corporation (S&P:BBB) with a cap rate of 7.99% and a long history of occupancy with approximately nine years left on its NNN lease term. Featuring a 6,000 sq ft building that underwent a complete renovation in 2023, this property also offers convenient parking with 30+ spaces. Located in a high-traffic area with excellent demographics, the property benefits from a densely populated surrounding area, ensuring a steady flow of potential customers for any business. With strong daytime employee and household numbers nearby, this investment promises both stability and growth potential. Don't miss out on this lucrative opportunity to add a reliable income stream to your portfolio! Contact our exclusive agents for more information and secure your foothold in the lucrative commercial real estate market today.

Investment highlights

Investment Grade Tenancy- FedEx Corporation (S&P:BBB)

Capitalization Rate7.99 %

25 Years of Occupancy with Approximately Seven Years Remaining on NNN Lease Term

Two – Five Year Renewal Options

Year Built 1999 with a Complete Renovation in 2023

6,000 sf Building with 30 Plus Parking Spaces

Listing Contacts

BF
NY 30FE1034180
Sutton Real Estate Company LLC
Listed by Sutton Real Estate Company LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$119,788.00
$9,982.33/mo

Valuation Metrics

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DSCR
7.99%
Cap Rate
7.99%
ROI

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