Listed by Caliber Commercial Brokerage
$5,033,333
Multi Tenant Retail | Corning, NY
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 6,580
Cap Rate 6%
NOI $302,000
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks, Chipotle
Lease Type NNN
Price per SqFt $765
Class A
Year Built 2024
Acreage 1.250
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Retail | 6.00% CAP | 6,580 SqFt
Marketing description
Presenting a lucrative investment opportunity at Starbucks/Jersey Mikes /Chipotle in Corning, NY. This fully leased 6,580 SF retail center boasts a prime location at the intersection of high-traffic W Pulteney St and S Buffalo St, with impressive visibility and accessibility. Occupied by renowned tenants under NNN leases - Starbucks, Chipotle, and Jersey Mike's Subs, this property guarantees reliable cash flow with minimal management. Surrounded by major retailers and attractions like Wegmans and the Corning Museum of Glass, the property benefits from a bustling market with over 40,000 residents and 15,000 employees within a 10-mile radius. Priced at $5,033,333 with a 6.00% Cap Rate, this turnkey asset presents a rare chance to acquire a well-positioned retail space in a thriving market. Don't miss out on this opportunity offered by Caliber Commercial Brokerage.
Listing Contacts
Listed by Caliber Commercial Brokerage
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
$302,000.00
$25,166.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Address
Is there information that looks off?
