

FedEx
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
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