Listed by Landmark Commercial Real Estate Services
$5,786,957
Target Ground Lease
Details
Property Type Retail
Sub Type Commercial
Square Footage 126,000
Cap Rate 5.75%
NOI $332,750
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 2.5
Lease Expiration 01/30/2028
Remaining Term 1.6
Year Built 2002
Acreage 10.350
Retail | 5.75% CAP | 126,000 SqFt
Marketing description
Landmark Investment Sales is pleased to present the opportunity to acquire the Target (Ground Lease) in Ithaca, New York. Target is strategically located at The Shops at Ithaca Mall, with nearby retailers including Best Buy, Michaels, Dick's Sporting Goods and BJ’s Wholesale. Target has successfully operated at this location for over 20 years and recently exercised the first of eight options, cementing its commitment to the site.
Investment highlights
High-Performing Target Ground Lease
Long-Term Operating History & Tenant Commitment
Prime Retail Location Adjacent to The Shops At Ithaca Mall
Strong Demographics & Accessibility
Listing Contacts
Listed by Landmark Commercial Real Estate Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$332,750.00
$27,729.17/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Zoning
CHT CommercialSpecial CommercialCommercial High Traffic
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 41 uses
View all 41 uses Last updated Apr 9, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
