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29311939
29311940

5775 Bridge St, East Syracuse, NY 13057

JD
NY NY 10401304033, MA MA 9558878 (+1)
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$4,940,000
135 days on market
Updated 57 days ago

100% Occupied | 10 Year WALT | Syracuse, New York

Details
Property Type Retail
Sub Type Storefront
Square Footage 18,812
Cap Rate 7.15%
NOI $353,158
Occupancy 100%
Tenancy Multi
Brand/Tenant Multi-Tenant Opportunity
Lease Type NNN
Price per SqFt $263
Year Built 2009
Acreage 0.990
Ownership Fee Simple

Three tenant strip in the center of East Syracuse, NY's premier retail corridor.

Investment highlights

  • Long-Term Leases & Secure Income Stream | All tenants, Once Upon a Child, Olum's and Kavanagh & Marshall, are secured by long-term leases, delivering a weighted average lease term (WALT) of over 10 years. This ensures predictable cash flow and minimizes rollover risk for investors.

  • Top-Performing National Franchise | Once Upon a Child is North America's largest children's resale franchise, operating more than 430 locations nationwide. This store generates over $2.50M in annual sales, which is about double the system average of $1.24M, ranking it among the highest-performing units in the country.

  • Diverse and Complementary Tenant Mix | The center features a strong blend of retail and service tenants: Olum's; a trusted regional home goods retailer; Kavanagh & Marshall, a leading local optometry practice; and Once Upon a Child, a top-performing national franchise. This mix of home goods, healthcare, and specialty retail drives cross-shopping, enhances customer traffic, and provides a stable, recession-resistant income-stream.

  • Dominant Retail Trade Area | The subject property is surrounded by a powerhouse lineup of national retailers, including The Home Depot, Walmart Supercenter, Dick's Sporting Goods, Best Buy, Marshall's, PetSmart, Planet Fitness, Trader Joe's, Raymour & Flanigan, Barnes & Noble and many others including a brand new Chick Fil A directly across the street. This concentration of category-leading tenants creates a high traffic retail destination that draws from a wide regional customer base, reinforcing the property's long-term viability and competitive positioning.

Listing Contacts

JD
NY NY 10401304033, MA MA 9558878 (+1)
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$353,158.00
$29,429.83/mo

Valuation Metrics

0
DSCR
7.15%
Cap Rate
7.15%
ROI

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Additional Information

Name
Joe Durkin
License
NY 10401304033
Brokerage Phone
3154474543
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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