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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29234067

6563 Weighlock Dr, East Syracuse, NY 13057

RM
MI MI 6505433330
Elevate Net Lease
JD
MI MI 6505433330
Elevate Net Lease
JS
MI 6505433330
Elevate Net Lease
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Elevate Net Lease, Bang Realty
$1,812,695
140 days on market
Updated 9 days ago

NBT Bank

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 2,176
Net Rentable (SqFt) 2,176
Cap Rate 5.25%
NOI $95,167
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank, Bank of America (+1)
Lease Type Absolute NNN
Lease Term 25.3
Lease Expiration 05/31/2030
Remaining Term 4
Lease Options None Remaining
Price per SqFt $833
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 0.900
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 02/08/2005
Occupancy Date 02/08/2005
Ownership Fee Simple
Sale Condition 1031 exchange

Retail | 5.25% CAP | 2,176 SqFt

Investment highlights

  • NBT Bank Branch Location In An Established Commercial and Business Corridor In East Syracuse, New York

  • Regional Banking Institution With A Long Operating History And Strong Presence Throughout Upstate New York

  • Highly Accessible Location Near Major Commuter Routes and Business Parks Along Weighlock Drive

  • Surrounded By Corporate Offices, Hotels, Service Retailers, And Employment Centers Driving Consistent Daily Activity

  • Infill Submarket Within The Syracuse MSA With Strong Demographic Support And Stable Customer Base

  • Convenient Proximity To The New York State Thruway (I-90) Providing Regional Connectivity And Traffic Exposure

  • Well-Maintained Free-Standing Bank Branch With On-Site Parking And Drive-Thru Banking Functionality

  • Attractive Net-Lease Investment Opportunity Suitable For Private Investors And 1031 Exchange Buyers

Listing Contacts

RM
MI MI 6505433330
Elevate Net Lease
JD
MI MI 6505433330
Elevate Net Lease
JS
MI 6505433330
Elevate Net Lease
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Elevate Net Lease, Bang Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$95,167.00
$7,930.58/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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