Syracuse High Retail Complex
Retail | 6.49% CAP | 6,518 SqFt
Marketing description
Nestled between Syracuse, West Point and Clearfield, directly across from Syracuse High School, lies the bustling Syracuse High Retail Complex. This modern retail hub, characterized by it's unique craftsman architecture, is a testament to the city's progressive spirit. The center is a vibrant blend of contemporary design and traditional craftsmanship, offering a refreshing shopping experience to locals and visitors alike.
Investment highlights
Well maintained three tenant retail center, with drive thru and two patios, is desirable to both tenants and customers. All tenants have multiple renewals at market rent, protecting landlord from under renting while still maintaining stability. Landlord has negotiated for one of the current tenant's lease rate to increase by $1.26 / sq. ft. upon sale. The increase is applicable to the remainder of the current term and all future lease renewal terms giving the purchaser an immediate bump in CAP rate.
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